Tag: Scheme

‘Not freebies but social security’, Gehlot announces Rs 25L healthcare scheme, OPS

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Jaipur: After presenting the state Budget and announcing sops for the public, Rajasthan Chief Minister Ashok Gehlot said on Friday that the schemes announced are part of social security, and not freebies, as he announced old pension scheme (OPS) for almost all the serving and retired employees in the state.
The Chiranjivi Yojna healthcare scheme has been increased to Rs 25 lakh per family and it is for every citizen of the state which will be available in empannelled private hospitals, Gehlot said.
“People understand that this is not for elections,” Gehlot said.
The Chief Minister said the aim of the government is to provide social security and that is why LPG cylinder will be provided for Rs 500 which will benefit 76 lakh families.
The children of Covid victims will get government jobs when they attain the age, the CM said.
The state government also announced free electricity of 100 unit to all domestic consumers.
“My focus is on people, not elections,” he said.
The Budget also announced relaxation on other taxes and stamp duty, including relaxation in electricity duty on solar energy from 60 paise per unit to 40 paise per unit. This will also benefit net metering consumers on residential buildings along with other consumers.

One-time tax on four-wheeler diesel vehicle has been reduced by 2 percent to make it at par with petrol vehicle.
The Budget announced 10 percent reduction in tax on stage carriage buses running on rural and other routes in Rajasthan, along with exemption of motor vehicle tax on city/urban bus service on new or retrofitted CNG buses.
It announced increase in exemption from 5 percent to 10 percent per year on vehicles registered in other states and assigned in Rajasthan.
Requirement of furnishing tax clearance certificate (TCC) every time for transport vehicles in the state will be done away with, he announced.
Facility for e-licence and e-registration certificate will be created which will remove the requirement of the fee of Rs 200 for smart card, the CHief Minister said.
Also, full exemption on interest and penalty on outstanding demand computed till December 31, 2022 along with 50 percent rexemption on the original demand was also announced, which can be availed till June 30, 2023.
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#freebies #social #security #Gehlot #announces #25L #healthcare #scheme #OPS
( With inputs from www.siasat.com )

February 10, 2023
J&K Bank Smart Saver Term Deposit Scheme (SDD)
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Who can open an account under Smart Saver Deposit Scheme of J&K Bank?
Accounts under this scheme can be opened by:
- Individuals, singly or joint, and HUF (Hindu Undivided Families) shall be eligible to open Smart Saver accounts linked with savings bank accounts.
- Individuals, Sole Proprietorship, HUF, partnership firms and limited companies shall be allowed to open smart saver account linked with current accounts.
- What are the tenures for which the accounts can be opened?
  You can open an account for the following tenures:
1. Core Deposit: 1 year to 10 years.
  Linked Deposits: 180 days.
- What are the value additions of this scheme?
The product provides both liquidity as well as high returns through Auto Sweep and Reverse Sweep.
Under Auto Sweep, the amount in the operative account beyond the threshold minimum balance (minimum floor balance) is auto swept to form linked term deposits.
Under this facility, the deposit amount in the linked Smart Saver Term Deposits (not the Core Deposit) is available for clearing of debit instruments (cheques, standing instructions, ATM transactions, etc) in case the balance in the operative account is not sufficient.
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#Bank #Smart #Saver #Term #Deposit #Scheme #SDD
( With inputs from : kashmirpublication.in )
February 10, 2023
JK Bank Personal Loan Scheme Check Eligibility
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NATURE OF FACILITY
Term Loan.
PURPOSE
For any Personal need.
SCALE OF FINANCE
Minimum: Rs. 50000.00
Maximum: For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank: 42 X Monthly Gross Salary
For employees of Govt not maintaining salary account with J&K Bank: 24 X Monthly Gross Salary or Rs 15.00 lacs, whichever is lower.
For employees of other reputed institutions/ Corporate Houses maintaining salary account with J&K Bank: 30 X Monthly Gross Salary or Rs 25.00 lacs, whichever is lower
ELIGIBILITY
Permanent Employees of
Government (State/Central/ Union Territories).
Public Sector Undertakings,
Autonomous Bodies & Institutions of Government
Govt. Employees (J&K and Ladakh only) recruited under SRO 202 with minimum service of 18 months. Note: Employees of State Govt/Central Govt/ UT Govt, PSUs, Autonomous Bodies & Institutions of Government not maintaining salary account with J&K Bank shall also be eligible.
Permanent Employees of Reputed Institutions banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account.
Permanent Employees of Corporate Houses banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account provided:
These corporate houses have a minimum business of Rs 5.00 crore (Advances+ Deposits) with the branch/bank.
Concerned Zonal offices will identify such corporate houses and permit the respective branches under their jurisdiction to grant personal consumption Loans to their regular employees.
For branches operating outside J&K and Ladakh UTs, such loans shall be granted only to those regular employees of corporate customers who are permanent residents of periphery of the branch, otherwise such loans shall be additionally guaranteed by the employer.
SECURITY
For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank:
NIL
For all Others:
3 rd party Guarantee of Two persons having individual net worth of at least 200% of loan amount
MARGIN
NIL
RATE OF INTEREST (SUBJECT TO CHANGE)
Employees maintaining salary account with the bank: MCLR 3Y+3.00%
Employees not maintaining salary account with the bank: MCLR 3Y+4.00%
Click here for rate of Interest
REPAYMENT PERIOD
The maximum repayment period shall be 120 months with the repayment commencing next month of disbursement.
Important to note that repayment is to be fixed in such a way that loan shall be fully adjusted by or before employee retires from active service.
PROCESSING CHARGES
NIL
The post JK Bank Personal Loan Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 10, 2023
J&K Bank Child-care Deposit Scheme Check Features and Benefits
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- Monthly Installment Rs. 100/- and its multiples.
- Tenure 7, 9 and 10 years as recurring (Phase-I) and 5 , 7 and 10 years respectively as term deposit (Phase-II).
- Interest rate Fixed. Interest rates as per the rates prevalent at the beginning of the respective phases.
- Interest application Quarterly compounded interest.
- Interest payouts On maturity
- Add- ons
Accidental Insurance Cover for the Parent / Guardian (linked to the size of monthly deposit amount).
- Premature withdrawal Allowed with penalty.
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#Bank #Childcare #Deposit #Scheme #Check #Features #Benefits
( With inputs from : kashmirpublication.in )
February 10, 2023
J&K Bank Business Start-ups Finance Scheme

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To finance a new enterprise in manufacturing/services sector by entrepreneurs of age less than 45 years. The activities under this scheme include: community, social & personal service, food products, textiles, micro units, engineering like electronic, e-commerce, GSM/ GPRS based technology, IT & allied services, biotechnology like microbial, plant, medical genetics and diagnostics, health care and life sciences, tourism, handlooms, handicrafts and artisan products, beauty spas, boutique, fitness centre, kindergarten/preschool, formal school, crèches, tuition centres, media & entertainment, agriculture, e.g. pisciculture (fishery), apiculture (beekeeping), poultry, livestock, dairy, agri-clinics & agribusiness centers, aggregation agro industries, food & agro processing and services supporting these.
Preference will be given to applicants who are recommended by recognized Incubators like Shri Mata Vaishno Devi University Technology Business Incubation Center Society (SMVDU TBIC), Centre for Trainings & Skill Development (CTSD) and Centre for Incubation & Business Acceleration (CIBA) of Jammu & Kashmir Entrepreneurship Development Institute (JKEDI)/ training institutions like ITIs.
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#Bank #Business #Startups #Finance #Scheme
( With inputs from : kashmirpublication.in )

February 10, 2023
SBI Special Term Deposit Scheme Check Features and Benefits
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SBI Special Term Deposit Scheme Check Features and Benefits
This product is a variant of Term Deposits but instead of Interest being paid out at a regular frequency during the period of deposit; here it is paid out only at the time of maturity. Regular interest is added to the principal and compound interest calculated and paid thereon
Features
Minimum period of deposit – 6 Month
Maximum period of deposit- 10 Years
Available at all branches
Minimum deposit: Rs. 1,000/-, Maximum deposit: No upper Limit
A deposit of Rs. 2 crore and more is treated as bulk deposit
Interest on deposit is compounded quarterly and paid to depositor at the end of the term
Nomination available in favour of individual only
Term Deposit (together with interest) of Rs. 20000/- and above shall not be paid in cash.
Transferability allowed among our branches
TDS is applicable as per Income Tax Rules. Form 15G/H can be submitted by the depositor for exemption from tax deduction as per IT Rules.
Loan against deposit is allowed with applicable margin as under:
Residual tenor of Deposit as on Date of availing loan (For Public) Margin
Up to 36 Months 5%
>36 months & up to 60 months 10%
>60 months 15%

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Last Updated On : Wednesday, 17-08-2022

Eligibility
This product is a variant of Term Deposits but instead of Interest being paid out at a regular frequency during the period of deposit; here it is paid out only at the time of maturity. Regular interest is added to the principal and compound interest calculated and paid thereon
Resident individuals singly or jointly, Minor (himself/herself or through his/her Guardian), Karta of HUF, Firm, Company, Local Bodies and Any Government Department
Terms And Conditions
Premature closure available.
For Term Deposit up to Rs 5.00 lacs, the penalty for premature withdrawal will be 0.50% (all tenors).
For Term Deposits above Rs 5.00 lacs, applicable penalty will be 1% (all tenors).
The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.
However, no interest will be paid on Deposits which remain for a period of less than 7 days.
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#SBI #Special #Term #Deposit #Scheme #Check #Features #Benefits
( With inputs from : kashmirpublication.in )
February 9, 2023

Residual tenor of Deposit as on Date of availing loan (For Public)	Margin
Up to 36 Months	5%
>36 months & up to 60 months	10%
>60 months	15%

JK Grameen Bank Loan Scheme for Used/Second Hand cars

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JK Grameen Bank Loan Scheme for Used/Second Hand cars Check Details Here

PURPOSE:

The finance under this scheme shall be available for purchase of an old car / jeep (not more than 5 years old) for personal use.

Eligibility:

i) Permanent employees of State/ Central Government, Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or reputed establishments.
ii) Businessmen, Professionals and self employed individuals.
iii) Persons engaged in agriculture and allied activities.
iv) Net annual income of Rs.1.00 lacs and above.

Age Criteria:

Salaried Class	The applicant should be atleast 21 years old at the time of applicant and below 58 years of age at the time of maturity of the loan. * For Institutions, where retirement age is is 60 years, the upper age limit shall be 60 years.
For others	Above 21 years at the time of application but below 65 at the time of the loan’s maturity

Maximum Loan Amount:

i) 2.5 times of the net annual income or 15 lacs, whichever is lower. If married, the spouse’s income can also be considered provided the spouse guarantees the loan. Loan amount for used vehicles shall be subject to a maximum limit of 15 lacs.
ii) The number of vehicles to be sanctioned to a single borrower under Car Finance (Used) at any point of time should not exceed more than 2 vehicles subject to maximum prescribed limit of 15.00 lacs.

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Margin:

i) 25% for vehicles having age less than 3 years.
ii) 30% for vehicles having age of 3 years and above up to 5 years.

Repayment period:

i) Maximum repayment period of 72 months for vehicles having age less than 3 years.
ii) Maximum repayment period of 48 months for vehicles having age of 3 years & above to 5 years.

Security:

i) Primary: Hypothecation of vehicle to be purchased.
ii) Collateral: Third Party Guarantee of two persons having sound financial net means good for the loan amount.

Processing Charges:

0.50% of the Loan Amount

* Conditions Apply

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#Grameen #Bank #Loan #Scheme #UsedSecond #Hand #cars

( With inputs from : kashmirpublication.in )

February 9, 2023

JK Bank Loan Scheme To Buy Android and IPhones
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NATURE OF THE FACILITY
Term loan.
PURPOSE
Purchase of Mobile Phones (IOS, Blackberry, Android and Windows based).
ELIGIBILITY
Permanent Employees/Pensioners of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
Customers already availing seasoned credit facilities (aged more than 2 years) where in there have been no past dues of more than one month during the currency of the loan.
AGE
Minimum: 21 years.
Maximum age of Applicant at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
For others: 65 years.
SCALE OF FINANCE
Minimum Finance: 10,000.
Maximum Finance: 75,000 or 12 months net income for purchasing upto three Smartphones or 90% of the invoice value of the Smartphone(s) whichever is lower.
Maximum finance (in case of individual small businessmen who do not file their tax returns and do not maintain the financial statements) is 10% of the credits in the operative account of the borrower during the last 12 months or 90% of the invoice value of the Smartphone(s), whichever is lower.
For Govt. employees gross deductions should not exceed 60% of gross salary while as for others deductions should not exceed 50% of gross income.
MARGIN
10% of the invoice value
SECURITY
Primary: NIL
Collateral: NIL
PROCESSING CHARGES
350/- plus applicable GST
REPAYMENT
30 Equated Monthly Installments.
PREPAYMENT
NIL
RATE OF INTEREST (SUBJECT TO CHANGE)
1 Year MCLR + 3% (fixed)
Click here for rate of Interest
The post JK Bank Loan Scheme To Buy Android and IPhones Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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#Bank #Loan #Scheme #Buy #Android #IPhones
( With inputs from : kashmirpublication.in )
February 9, 2023

JK Bank Car loan Scheme for purchase of Used cars for private

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NAME OF PRODUCT

JKB Car loan Scheme for purchase of Used cars for private use

PURPOSE

To provide finance for purchase of used Cars/SUV/MUV etc. (Fuel operated as well as electric cars) for Private Use only. The car should not be more than 6 years old at the time of loan sanction.

NATURE OF FACILITY

Term Loan

AGE

Minimum age at the time of loan application: 18 years

Maximum age at the time of loan maturity: 70 years

Notes:

In case of in service Govt employees under old pension scheme, car loans with tenor exceeding residual services period can also be considered. However, the sanctioning authority may make a tentative assessment of his/her likely pension income, based on his her existing salary structure, residual service, pension rules etc. and ensure that the instalment of the proposed loan shall not be more than 50% of his/her likely monthly pension.
In case of joint borrowers/ Co-borrowers, the age of that borrower can be considered for fixing tenor of the loan whose contribution towards the repayment of proposed loan is at least equal to 50% of EMI.
The upper age limit may be relaxed upto 75 years in deserving cases, powers for which may be vested with the Zonal Credit Committees.

MARGIN

For permanent employees of State and Central Government, Government Undertakings & Autonomous bodies Drawing salary through our Bank :20% of value derived/ accepted
For Platinum/Gold Current Account Holders & Customers having aggregate limits (Working Capital and/or Term Loan) above 25 Lakh having satisfactory dealings.:20% of value derived/ accepted
For All Other borrowers:25% of value derived/ accepted

MAXIMUM LOAN AMOUNT

Maximum Limit per vehicle: Rs 25.00 lacs
Maximum Limit per borrower: Rs 50.00 lacs
Note: Higher quantum of finance per unit/ per borrower may also be considered, however powers to sanction such loans shall vest with Zonal Credit Committees only.

REPAYMENT PERIOD

The maximum tenor of the loan shall be 07 years or till the vehicle gets 12 years old, whichever is earlier, subject to residual life of the vehicle.
The loan shall be repaid in a maximum of 84 Equated Monthly Installments.

SECURITY

Primary: Hypothecation of vehicle to be purchased (Bank’s charge to be registered with concerned Transport Authority/ VAHAN Central Registry)
Collateral:
- For permanent employees of J&K/Ladakh Gov’t and Central Government, Government Undertakings & Autonomous bodies maintaining salary accounts with our bank: NIL.(However, in cases where the loan tenor is in excess to residual service period, TPG of one person shall be obtained).
- For pensioners: Guarantee of 02 persons including spouse eligible for family pension.
  (Or) Guaranteeof spouse only if he/she is a Govt employee or pensioner.
- Private /Public Limited Company/ partnership firms:Personal guarantee of promoters/directors/partners
- For all others: Guarantee of one person having sufficient net worth to withstand the liability and acceptable to Bank.
- Direct Debit Mandate/NACH/ECS Mandate (whichever applicable)
  Note:
  Sanctioning Authority may waive off third party guarantee in favour of certain categories of applicant borrowers, as noted below:
1. Platinum/Gold Current Account Holders having average balance of Rs 5.00 lacs or above
2. Customers availing aggregate limits (Working Capital and/or Term Loan) above 50 Lakh with satisfactory track record.
3. Borrowers with credit score of 750 in case of CIBIL or 650 in case of CRIF.
4. High net worth individuals maintaining term deposits in excess to Rs 50.00 lacs with the bank in their own name.

PREPAYMENT PENALTY

4% on the outstanding in respect of Fixed interest rate loan shifted to other banks + Applicable GST.

Nil for all other loans prepaid

MINIMUM INCOME STIPULATION

For all types of individual borrowers: Gross Annual Income of Rs 2.00 lacs
For proprietorship/partnership firms and companies: Cash Profit (PAT+ Average Depreciation) of Rs 2.00 lacs for the previous financial year.

LOAN PROCESSING CHARGES

LPC: 1.0% of the loan amount plus applicable GST Minimum of ₹2000/- + GST
Maximum: ₹15000/- + GST
(Nil for employees mentioned at para Rate of interest)

RATE OF INTEREST (SUBJECT TO CHANGE)

Tenor upto 04 years: RLLR+3.75% (Fixed)

Tenor above 04 years:RLLR+4.75% (Fixed)

The interest rate concession applicable to employees of various Govt Departments/ institutions, as noted below, shall continue till validity of such MoUs unless otherwise notified:

Employees of SMVDSB 25 bps
Employees of Police Departments 10 bps
Employees of University of Kashmir 10 bps
Employees of NIT Srinagar 10 bps
Employees of Central University of Jammu 10 bps
All other employees of J&K/ Ladakh Gov’t. 25 bps

Interest rate concessions of 50 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of above 750 in case of CIBIL or above 650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 1 or 2.

Interest rate concession of 25 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of 701-750 in case of CIBIL or 610-650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 3 or 4.

ELGIBILITY

Permanent Employees of State / Central Government, Semi-Government Undertakings, Institutions and Autonomous Bodies.
Regular Employees of Private Limited Companies / Private Organizations and other Reputed Private Institutions/ Establishments who have a service of at least 2 years with the current employer
Contractual Employees of Central/State Government, Semi-Government Undertakings and Autonomous Bodies (provided there are no instances of termination of employment of such employees previously).
Professionals or self-employed individuals with at least 2 years’ experience in business/profession/activity. (This category shall include proprietors, partners and promoters of companies where the loan is sanctioned in their personal capacity. Gross Income in this case shall mean income as shown in proof of income obtained)
Persons engaged in agricultural and allied activities.
Pensioners of State/Central/UT Gov’t, PSU’s (Public Sector Undertakings), autonomous bodies and Institutions. (Family pensioners shall not be eligible).
Employees appointed under SRO 202 (to be treated at par with Permanent Employees of State/Central Government) subject to the condition salary for at least 6 months has been credited in the savings account of the applicant.
Partnership firms and companies which have been in existence for a minimum of 02 years.
HUF can also avail car loan facility. HUF can apply for the loan through Karta and the documents, as prescribed, shall also be executed by the Karta on behalf of the HUF. However, it shall be ensured that a joint application is obtained from all the coparceners for the loan whereby they will also confirm that the loan facility is used for the benefit of the HUF.
Applicants who do not fall in any of the above categories may be also be financed subject to the condition that the applicant has a stable/perpetual source of income and provides proof to the satisfaction of the sanctioning authority.

VALUATION OF THE VEHICLE

Value of the vehicle shall be the lower of the following (subject to satisfaction of the BU Head and Advances In-charge):

Ex-showroom price of the vehicle as per original sale invoice less depreciation, which shall be as follows:

Age of the vehicle	% Of Depreciation for fixing value.
Upto 06 months.	5%
06 Months to less than 01 year	10%
01 year to less than 02 years.	20%
0 years to less than 03 years.	30%
03 years to less than 04 years.	40%
04 years to less than 05 years.	50%.
05 years to less than 06 years.	60%.

Insured Declared Value (IDV) of the vehicle as per latest insurance policy.
Consideration Amount as per agreement to sell between seller and buyer or as per invoice from registered used car dealer.
Note: In case original sale invoice is not available, sanctioning authority may consider minimum of value as depicted in documents mentioned at Serial II & III above.

The post JK Bank Car loan Scheme for purchase of Used cars for private use appeared first on Kashmir Publication.

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( With inputs from : kashmirpublication.in )

February 8, 2023

JK Bank Kissan Credit Scheme Check Benefits and Features

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OBJECTIVE
The scheme aims at providing adequate and timely credit support from the banking system to farmers under single window with flexible and simplified procedure, to Animal Husbandry and Fisheries farmers for their short term working capital requirements towards the following activities :-
a. Fisheries: – Fresh water fish/prawn culture (including cold water), brackish water shrimp/fish/crab/ other aquatic organisms culture, fish/shrimp/prawn/crab/other aquatic organisms seed rearing, capture fisheries in fresh water, brackish water and marine and any other state specific fisheries activities.
b. Animal Husbandry: – Milch animal rearing, poultry layer farming, poultry broiler farming, sheep rearing, goat rearing, pig farming, rabbit rearing for wool, and work animals. Any other state specific livestock rearing.
ELIGIBILITY
Dairy::Farmers and Dairy farmers either individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers having owned / rented/ leased sheds
Fishery a. Inland Fisheries and Aquaculture:- i) Fishers, Fish Farmers (individual & groups/ partners/ share croppers/ tenant farmers), Self Help Groups, Joint Liability Groups and women groups.
ii) The beneficiaries must own or lease any fisheries related assets such as ponds, tanks, open water bodies, raceways, hatcheries, rearing units, boats, nets and such other fishing gear as the case may be and possess necessary authorisation/ certification as may be applicable in respective states for fish farming and fishing related activities, and for any other State specific fisheries and allied activities.
b. Marine Fisheries- Beneficiaries listed at above, who own or lease registered fishing vessel/boat, possess necessary fishing license/permission for fishing in estuary and sea, fish farming/Mariculture activities in estuaries and open sea and any other State specific fisheries and allied activities.

SCALE OF FINANCE
The scale of finance for KCC including Animal Husbandry (AH) and Fisheries will be fixed by respective District Level Technical Committee (DLTC) based on local cost worked out on per acre/per unit/per animal/per bird etc basis.

The working capital components in fisheries, under the scale of finance, may include recurring cost towards seed, feed, organic and inorganic fertilizers, lime/other soil conditioners, harvesting and marketing charges, fuel/electricity charges, labour, lease rent (if leased water area) etc. For capture fisheries, working capital may include the cost of fuel, ice, labouring charges, mooring/landing charges etc. may form part of the scale of finance. The working capital components in Animal Husbandry, under the scale of finance, may include recurring cost towards feeding, veterinary aid, labour, water and electricity supply. The maximum period for assessment of working capital requirement may be based on the cash flow statement or completion of one production cycle.
PROCESSIN CHARGES
Upto Rs.5.00 lakhs Nil
From Rs.5.00 lakhs to Rs.10.00 lakhs 0.10% of Limit
Above Rs.10.00 lakhs 0.25% of Limit
CIBIL and CRIF charges shall be recovered upfront from all prospective borrowers/ guarantors/ Mortgagors at the time of extraction of Credit Information report (CIR) in accordance with Bank’s Policy on Credit Information Management – Utilization of Credit Information Services as amended from time to time.
RATE OF INTEREST (SUBJECT TO CHANGE)
At present, rate of interest up to Rs 2.00 lakhs (in case of new applicants
of KCC AH&F) OR up to Rs 3.00 Lakhs (in case of aggregate KCC Limit) per farmer will be @7% p.a. (fixed) as per the Government of India (GoI) directives. It is subject to GoI providing 2% p.a., interest subvention to Bank on such advances.
Note: As per KCC AH&F Scheme Interest subvention will be available upto Rs 2.00 lakhs in case of new applicants of KCC AH&F & upto Rs 3.00 lakhs (in aggregate) in case of borrowers having existing KCC-Crop Loan. Any loan amount exceeding the said limits shall carry normal Rate of Interest.
REPAYMENT
The KCC-Animal Husbandry & Fishery limit is revolving cash credit facility
Borrowers are required to route their sale proceeds or other credits into the KCC-Animal Husbandry & Fishery account, with a minimum of loan amount plus interest and other charges, if any within the repayment due dates.
The post JK Bank Kissan Credit Scheme Check Benefits and Features appeared first on Kashmir Publication.
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#Bank #Kissan #Credit #Scheme #Check #Benefits #Features
( With inputs from : kashmirpublication.in )

February 8, 2023

Tag: Scheme

Who can open an account under Smart Saver Deposit Scheme of J&K Bank?Accounts under this scheme can be opened by:

NATURE OF FACILITY

Term Loan.

PURPOSE

SCALE OF FINANCE

ELIGIBILITY

SECURITY

MARGIN

RATE OF INTEREST (SUBJECT TO CHANGE)

REPAYMENT PERIOD

PROCESSING CHARGES

SBI Special Term Deposit Scheme Check Features and Benefits

Features

Terms And Conditions

JK Grameen Bank Loan Scheme for Used/Second Hand cars Check Details Here

PURPOSE:

Eligibility:

Age Criteria:

Maximum Loan Amount:

Margin:

Repayment period:

Security:

Processing Charges:

NATURE OF THE FACILITY

PURPOSE

ELIGIBILITY

AGE

SCALE OF FINANCE

MARGIN

SECURITY

PROCESSING CHARGES

REPAYMENT

PREPAYMENT

RATE OF INTEREST (SUBJECT TO CHANGE)

NAME OF PRODUCT

PURPOSE

NATURE OF FACILITY

AGE

MARGIN

MAXIMUM LOAN AMOUNT

REPAYMENT PERIOD

SECURITY

PREPAYMENT PENALTY

MINIMUM INCOME STIPULATION

LOAN PROCESSING CHARGES

RATE OF INTEREST (SUBJECT TO CHANGE)

ELGIBILITY

VALUATION OF THE VEHICLE

OBJECTIVE

ELIGIBILITY

SCALE OF FINANCE

PROCESSIN CHARGES

RATE OF INTEREST (SUBJECT TO CHANGE)

REPAYMENT

Who can open an account under Smart Saver Deposit Scheme of J&K Bank?
Accounts under this scheme can be opened by: