Tag: Scheme

J&K Bank Laptop/ PC Finance Scheme Check Eligibility
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NATURE OF FACILITY
TERM LOAN.
PURPOSE
To provide finance for purchase of Laptop/ PCs / Netbooks / Tablets.
ELIGIBILITY
Permanent Employees, Contractual employees, Professionals, Self-employed Individuals, Proprietorship concerns, Teachers under Rehaber-a-Taleem J&K Govt., Officials under Rehaber-a Zeerat , J&K Govt., Pensioners drawing their monthly pension through our bank.
Employees of Private Limited Companies, Private Organizations, Reputed Establishments.
Regular students of recognized schools, colleges & universities.
Regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).
AGE OF THE APPLICANT
Minimum age: 18 years.
Maximum age at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
For others: 70 years.
QUANTUM OF FINANCE
Maximum of Rs.1,50,000/=.
MARGIN
10%.
SECURITY
PRIMARY:
NIL for loans up to Rs. 50000/-
Hypothecation of Laptop/PC/Netbook/ be purchased, if loan amount is above Rs. 50,000.00
COLLATERAL:
Nil for:
Government employees drawing salary through our Branches & where letter of confirmation is available.
Platinum / Gold / Premium plus Current account holders, having maintained satisfactory accounts for at least last 6 months.
Cash Credit / SOD account holders having a sanctioned limit above Rs 5 lacs and minimum average utilization percentage above 60% from at least 6 months prior to this facility.
Customers having Fixed Deposit accounts of value more than Rs. 5 Lakh in the Business unit sanctioning the facility. The deposit should be more than 3 months old at the time of disbursement of the loan.
Third Party Guarantee of one person for all other categories.
PROCESSING CHARGES
NIL
RATE OF INTEREST (SUBJECT TO CHANGE)
3 year MCLR plus 2.50%, fixed.
Click here for rate of Interest
REPAYMENT
12 to 48 months in equated monthly installments.
No Pre-payment Charges
MORATORIUM PERIOD
Nil
The post J&K Bank Laptop/ PC Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
March 3, 2023
J&K 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 )
March 2, 2023
J&K Bank Coaching Fee Loan Scheme Check Eligibility
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NATURE OF FACILITY
Term Loan
PURPOSE
Financing fees of coaching classes or institutes that train students for entrance examinations to courses like medicine, engineering and civil services etc. and for other related expenses like lodging / boarding, purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials.
CLASSIFICATION
Priority.
ELIGIBILITY
Student should be an Indian National and should have completed Class X or above aspiring for admission in Engineering, MBBS, MBA, Post-Graduation courses etc.
Students pursuing graduation/post-graduation course or employed individuals, desirous of competing for Civil Service Exam of UPSC / State Public Service Commission for employment in IAS, KAS, IPS, KPS etc.
The students should have secured a minimum of 55% marks in the previous qualifying exam.
Age not exceeding the maximum for targeted competitive exam
Parent/Guardian only borrower, if age of the student is below 18 years.
Parent/Guardian, jointly with the student if age of the student is 18 years or above.
BORROWER ELIGIBILITY
Permanent Employees of State / Central Government, Government / Semi-Government Undertakings, Autonomous Bodies, Public Limited Companies / Private Limited Companies who have been in current employment for a period of not less than two years.
Professionals, Self Employed Individuals ,Proprietorship Concerns, Persons engaged in agricultural and allied activities having at least one year satisfactory dealing with J&K Bank.
Pensioners State/Central Government, Public Sector Undertaking.
BORROWER’S AGE
Maximum age of Parent/Guardian at loan maturity: 65 years or age of retirement whichever is earlier.
If Parent/Guardian is a pensioner maximum age at loan maturity: 68 years
MAXIMUM LOAN:
Rs. 2 Lakh per child for coaching studies in India.
Maximum Amount per parent/guardian- Rs.4 Lakh only.

Finance for purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials should not exceed Rs. 40,000/= per student within the overall limit of Rs. 2.00 Lakh.
QUANTUM OF FINANCE
For Permanent Employees / Pensioners: Maximum 18 times of gross monthly salary / pension/ income or 90% of coaching fee (which may include boarding & lodging expenses if available in-house) plus 75% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials or Rs 2 Lakh per child/student, whichever is lower.
For Other Eligible Categories: 1.5 times of average gross annual income of last two years or 90% of coaching fee (which may include boarding & lodging expenses if available in-house) plus 75% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials or Rs 2 Lakh per child/student, whichever is lower
PROCESSING CHARGES
Rs. 250
MARGIN
10% of the coaching fee (which may include boarding & lodging expenses if available in-house).
25% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials
SECURITY
Primary : NIL
Collateral: Third Party Guarantee of One person.
In case of pensioners, guarantee of one person & guarantee of Spouse eligible for family pension shall be obtained.
No third party guarantee required in respect of permanent employees of State – UT and Central Government, State–UT / Central Government Undertakings & Autonomous bodies drawing salary through our Bank and where letter of undertaking from employer is available.
RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR + 2% Floating
Click here for rate of Interest
REPAYMENT
36 months including moratorium period of 3 months.
The post J&K Bank Coaching Fee Loan Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
March 2, 2023
J&K Bank Bike And Scooty Loan Scheme Check Eligibility
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PURPOSE
For purchases of fresh Two wheelers i.e. Scooters, Scooties, Motor Cycles, Mopeds, Battery-Operated Scooters etc of any make and model.
ELIGIBILITY
Employees of Government/Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or Reputed Establishments.
Professionals or Self-employed individuals / Businessmen / Employees on contractual basis (Rehbare-I-Talim, Rehbare-I-Zerat)
Pensioners , Family Pensioners drawing their pensions from our Bank.
Persons engaged in Agricultural and allied activities.
Students with a parent (Mother or father or both) as Co-borrower. Income of both the father and mother can be considered for arriving at quantum of finance and repaying capacity.
Housewives aged 18 years & above, with spouse as Co-borrower. Income of the spouse shall be considered for finance.
Minimum employment
(Applicant/Co-borrower): The applicant must have been in current employment for a period not less than 6 months or must have a business standing of at least 1 years.
Employees on contractual basis in Government / Semi-Government undertakings, Autonomous bodies & public Sector undertakings shall also be eligible, if they have been in current contractual job for a period not less than 1 year and the remaining contract period is longer than the chosen repayment period.
AGE
Minimum age of applicant/co-borrower: 18 years
(16 years for purchase of scooter having engine capacity below 55CC).
Maximum age of applicant at loan maturity: 65 years.
INCOME CRITERIA
Minimum Net Annual Income : Rs. 75,000/- .
QUANTUM OF FINANCE
Minimum: Rs.25,000/-
Maximum: Rs.2,50,000/-
MARGIN
10% of the ex-showroom price for Two wheelers with ex-showroom price up to Rs.1,00,000/-.
20% of the ex-showroom price for Two wheelers having ex-showroom price above Rs.1,00,000/-.
REPAYMENT PERIOD
Maximum period of 60 months.
RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR+2.00% (Fixed) RLLR+1.50% (Floating)
Click here for rate of Interest
Rebate of 25 basis point for female borrowers.
SECURITY
Primary
Hypothecation of Two – Wheeler to be purchased.
Collateral
a) No third party guarantee required in respect of permanent employees of State / Central Government, State / Central Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
b) Guarantee of one person for all others.
PREPAYMENT CHARGES
Nil
PROCESSING CHARGES
1% of Loan amount to be paid upfront subject to a
Minimum of Rs. 500/- and
Maximum of Rs-2000/
The post J&K Bank Bike And Scooty Loan Scheme Check Eligibility and Rate of interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
March 2, 2023
ED files charge-sheet in ‘Halal’ investment scheme fraud

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New Delhi: The Enforcement Directorate (ED) said on Wednesday said that it has filed a charge-sheet before a special court in Bengaluru against Injaz International and its partners, Misbahuddin S. and Suhail Ahmed Sheriff, in a case related to defrauding people by luring them to invest in a ‘Halal’ investment scheme.
The accused had promised high returns on the scheme offered by the firm. However, they even failed to repay the principal amount invested by the depositors.
The ED had initiated a money laundering probe on the basis of an FIR registered by the Wilson Garden police station in Bengaluru against Injaz International and its associated group under various sections of the Prize Chits and Money Circulation Schemes (Banning) Act, Indian Penal Code, and Chit Funds Act.
“ED probe revealed that Injaz International was neither able to keep up with the returns owed to its investors against the investments made by them, nor was it able to repay the amounts already invested with it. Injaz International lured the public into investing by promising unrealistic returns against their investments and later duped them of such investments and never returned the hard-earned money of the common public,” the ED alleged.
An ED official said that Misbahuddin S. and Suhail Ahmed Sheriff diverted funds to the extent of Rs 81 crore into the purchase of immovable properties and other business entities operated by them as well as their associates.
Misbahuddin was arrested by the ED on November 15, 2022, and is presently in judicial custody.
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( With inputs from www.siasat.com )

March 1, 2023
Hiring Of various Candidates Under ESVHD MVU Scheme

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Hiring Of various Candidates Under ESVHD MVU Scheme
Pursuant to the issuance of select list of Veterinarians by the designated Committee of SKUAST-K and its subsequent endorsemen by Administrative Department vide Na ASHF-P1619212021-10 dated 24-01-2023,theVeterinarians( 25 in no. listed as Annexure A to this order) who have submitted the desired documents in response to this office Notice referred to above, are hereby hired under ESVHD MVU Scheme subject to the blowing terms/conditions
ESVHD MVU Scheme subject to the blowing terms/conditions
1.) They should report to the concerned Chief Animal Husbandry Officers on 01-03-2023.
2.) The period of engagement shall be for 01 year extendable to a maximum period of 02 years.
3.) They shall be paid monthly consolidated stipend of Rs.56,100/-as per the rates approved by the Department of Animal Husbandry) and Dairying Gol.
4.) The hiring is purely of temporary nature for which they shall tender an affidavit duty attested by a 1st Class Magistrate to the effect that the job is temporary and they shall have no claim be permanent absorption in the Department and their service can be terminated any time with a prior notice of one month.
5. Their services shall be utilized as per the guidelines of the ESV HD MVU Scheme.
Further, the hiring of the Veterinarians shall also be subject to the Satisfactory Character & Antecedent 1.erification report from OD including the genuineness of the qualification and other related documents from the concerned authorities. Besides, the selection/ hiring of the candidates as Veterinarians, who fad to join on the scheduled date, shall deemed to have been cancelled ab-initio.

Click here for complete Notification

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March 1, 2023
PM Releases 13th Installment Under Kisan Samman Nidhi Scheme – Kashmir News

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PM releases 13th Installment under Kisan Samman Nidhi Scheme
JAMMU, FEBRUARY 27: Department of Agriculture Production and Farmers Welfare, Jammu, organized a live streaming programme regarding release of 13th installment of PM Kisan Samman Nidhi Scheme by Prime Minister, Narendra Modi.
Atal Dulloo, Additional Chief Secretary, Agriculture Production Department, presided over the function organized at Baba Jitto, Kissan Kendra, Talab Tillo, here.
Bharat Bhushan, Chairman, District Development Council graced the occasion as guest of honour.
Special Secretary Agriculture Production Department, T.K.Bhat, Director Agriculture, Jammu, K K Sharma; Director Animal Husbandry, Shubra Sharma, Director Sheep Husbandry, Krishan Lal, Joint Directors of Extension, Marketing, Apiculture and Mushroom and senior officers besides more than 200 farmers of Jammu division participated in the programme.
In line with the government’s continued commitment and resolve to empower grassroot-level farmers, an amount of Rs 16,800 crore to about 8 crore beneficiary farmer families was transferred digitally by the PM.
Under PM-KISAN scheme, a financial benefit of Rs 6,000 per year is being provided to the eligible beneficiary farmer families, payable in three equal installments of Rs 2,000 each. The fund is transferred directly to the bank accounts of the beneficiaries. Under this scheme, Samman Rashi of over Rs 2.25 lakh crore has been transferred to farmer families, so far.
Speaking on the occasion, Additional Chief Secretary said that the purpose of PM KISAN Samman Nidhi scheme is to give respect to Annadata of the nation in the shape of financial assistance. He appealed educated youth to adopt farming sector as full time profession.
It was informed that about 6.5 lakh farmers of JK UT have been benefitted today under the 13th installment.

Similar programmes were organized at all district and sub division headquarters.

Post Views: 222
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( With inputs from : kashmirnews.in )

February 27, 2023
J&K Bank Kissan Dost Finance Scheme Check Eligibility

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PURPOSE
For purchase of wide range of Agricultural/Horticultural implements/machinery including Power Tillers, Reapers, Weeders, Harvesters, Rice Transplanters, Pump Sets, Sprayers, Threshers, Tractors, Load Carriers, Wheel Carts, Three wheeler Load Carriers, One Ton Load Carriers etc. The list is indicative and not exhaustive. It can include all types of implements/equipments, machinery utilized by the farmers for farm mechanization purposes.
ELIGIBILITY
1. For financing Tractors/Harvesters/Reapers/Four Wheeler Load Carriers
Farmers/Employees owning minimum Irrigated cultivable agri land holding of 4 kanals or more for cultivation of crops including vegetables, floriculture, horticulture, cereals, pulses, fruit, medicinal and aromatic plants, etc.
OR
Non-Irrigated cultivable agri land holding of 8 kanals or more for cultivation of crops including vegetables, floriculture, horticulture, cereals, pulses, fruit, medicinal and aromatic plants, etc.
2.For financing Power Tillers, weeders, Rice transplanters, Pump Sets, Sprayers, Threshers, Three Wheeler Load Carriers etc.
Farmers/ Employees with minimum cultivated agri land holding of half an acre i.e. “4 kanals” for cultivation of crops including vegetables, floriculture, horticulture etc. The maximum amount of loan to the farmers having 4 kanals of land shall not exceed Rs 7.00lacs.
3. For financing pump sets, sprayers, grass cutter, baskets & receptacles, ladder, trays handcarts etc.

Farmers/Employees owning minimum apple cultivated land of 2 kanals. The maximum amount of loan to the farmers having 2 kanals of land shall not exceed Rs2.00lacs.

MAXIMUM PERMISSIBLE FINANCE
1.General Category Borrowers Maximum Loan Amount Rs.15.00 lacs.
2. Central/state Government Employees and employees of Public Sector Undertakings, Autonomous Bodies & Institutions. 48 months gross salary or Rs15.00 lacs whichever is lower. Gross deduction from salary including installments of the proposed loan not to exceed 60% of gross income.
MARGIN
10 % of Invoice value across all categories.
RATE OF INTEREST (SUBJECT TO CHANGE)
1 Year MCLR + 0.25% (Floating) present effective 9.05% with reset clause of one year.
REPAYMENT
Term Loan shall be repaid in maximum 7 years in 84 equated monthly installments with moratorium period up to three months from the date of first disbursement of the facility. Thus maximum door to door tenor of loan shall be 7 years and 03 months. In case of Central/state Government Employees and employees of Public Sector Undertakings, Autonomous Bodies & Institutions repayment to be fixed in such a way that the facility is adjusted one month before attaining age of superannuation or 07 years and three months from date of first disbursement whichever is earlier. However if the employees provide the collateral security as applicable to General category farmers, the repayment may be fixed as per cash flows without linking the same with age of superannuation.
The post J&K Bank Kissan Dost Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )

February 27, 2023
J&K Consumer Loan Scheme Check Eligibility and Rate of Interest
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- Permanent Employees of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies.
- Employees on contractual basis with Central/State Govt, Government/Semi-Government Undertakings& Autonomous bodies shall be eligible, if they have been in current contractual job for a period not less than I year and the remaining contract period is longer than the chosen repayment period.
- Teachers under Rehaber-a-Taleem, J&K Govt.
- Officials under Rehaber-a Zeerat, J&K Govt.
- Pensioners both State/Central drawing their monthly salaries/pension through our bank.
- Employees of Private Limited Companies, Private Organizations, Reputed Establishments having a minimum 1 year relationship with our bank (Assets or liabilities).
- Professionals, self-employed individuals (Businessmen included) & Proprietorship Concerns, having a minimum 1 year relationship with our bank (Assets or liabilities)
- Finance under this Scheme shall also be provided to regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).
NOTE:Employees on Adhoc basis shall not be eligible.
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( With inputs from : kashmirpublication.in )
February 26, 2023
JK Bank Loan Scheme For Android and Apple Phones Check
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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 For Android and Apple Phones Check Eligibility appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 26, 2023