Tag: Features

JK Bank Karobar Card Scheme Check Features and Benefits
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PURPOSE
To increase the flow of credit to individuals for entrepreneurial activity in the non-farm sector.
NATURE OF FACILITY
Both working capital and term loan.
ELIGIBILITY
Individuals engaged in the entrepreneurial activity in the non-farm sector, , which is eligible for classification under the priority sector guidelines
Loan facility under General Credit Card (GCC) should, however, not be extended to ACC, WCC borrowers.
The borrowers should not have been loan defaulter at any bank/ branch.
QUANTUM OF FINANCE
Maximum of 1.00 lacs.
REPAYMENT
Maximum: 60 months including maximum moratorium period of 03 months.
CLASSIFICATION
Micro Enterprise.
MARGIN
Upto 50,000: No margin is required for loans.
Above 50,000 and upto 1.00 lac: 10%.

For working capital: 20%.
SECURITY
PRIMARY: Hypothecation of all the assets financed.
COLLATERAL: Nil.

RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR+1.00%
Click here for rate of Interest
The post JK Bank Karobar Card Scheme Check Features and Benefits appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 2, 2023
JK Bank Special Bachat Deposit Scheme Check Features
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- Who can open a Special Bachat Deposit account with J&K Bank?
Special Bachat Deposit account can be opened by individuals, either singly or jointly, Parents/ Guardians on behalf of minors.
- What is the minimum Average Monthly Balance required to be maintained?
  Minimum AMB of Rs. 10000/-.
- What are the benefits of the Special Bachat Deposit Scheme?
  You can avail the following benefits:
  Free cash withdrawals over the counter: 30 withdrawals per half year.
  Free accidental death insurance cover of Rs.2.00 lacs.
  International Gold Debit Card with withdrawal limit of Rs. 1.00 lacs per day and shopping limit of Rs. 1.50 lacs per day.
  Special discount in charges on cash deposit at Base and Non-Base Business Units.
  Free e-banking / m-banking facility.
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( With inputs from : kashmirpublication.in )
February 1, 2023
J&K Bank Kissan Credit Scheme Check Features and Benefits

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To provide adequate and timely credit to farmers under single window, with flexible and simplified procedure, adopting whole farm approach, including the short-term credit, medium term and long term credit needs of the borrowers for agriculture and allied activities and a reasonable component for consumption needs as indicated below:-
Short Term Credit Limit:
• To meet the short term credit requirements for cultivation of crops
• Post harvest expenses
• Produce marketing loan
• Consumption requirements of farmers household.
• Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.
Long Term Credit:
• Investment credit requirement for agriculture and allied activities like pump sets, sprayers, tillers, agri implements, dairy animals, sheep, poultry etc.
KCC Scheme also includes the crop loans under Apple Advance Scheme
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#Bank #Kissan #Credit #Scheme #Check #Features #Benefits
( With inputs from : kashmirpublication.in )

January 31, 2023