Tag: Scheme

Fraud In Ayushman Bharat Scheme, Action Against 13 J&K Hospitals

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SRINAGAR: J&K state health agency (SHA) has suspended the empanelment of 13 hospitals and imposed heavy penalties on 17 others for their involvement in fraud while implementing the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY).
Quoting officials news agency IANS reported that over Rs 1.77 crore have been imposed as a penalty on the hospitals involved in fraudulent activities in 2022 out of which over Rs 1.34 crore have been recovered so far by the SHA.
As per official sources, the hospitals which have faced the action include Ibn Sina Hospital, Rs 24 lakh penalty imposed and empanelment suspended; Quality Care Hospital, Rs 6.64 lakh penalty imposed; Narayana Hospital, Rs 54.62 lakh penalty imposed; Ess Bee Hospital, empanelment suspended; Waseem Memorial Hospital, empanelment suspended.
In addition, Florence Hospital in Chanapora (Srinagar), Rs 5 lakh penalty imposed; Shadab hospital, Rs 22 lakh penalty imposed; Mohammadiya hospital, Rs 6 lakh penalty imposed; Kidney hospital in Sonwar (Srinagar), Rs 18.72 lakh penalty imposed. This hospital also faced suspension of its empanelment in February last year.
KD Eye Clinic Hospital, Rs 1 lakh penalty and suspension of empanelment; ASCOMS in Jammu, Rs 2.66 lakh penalty; while Al-Noor Hospital, Midcity Hospital and South City Nursing Home faced the suspension of their empanelment in September last year.
Centre for Eye care hospital, Rs 1.64 penalty and suspension of empanelment in December last year. Noora Hospital in Srinagar, Rs 5.54 lakh penalty imposed; Baba Nayak Hospital, Rs 69,000 penalty; Raksha Kidney Hospital, Rs 20 lakh penalty; and National Hospital Jammu, empanelment suspended.

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( With inputs from : kashmirlife.net )

February 21, 2023
To check fraud under SEHAT scheme action against 25 erring hospitals taken so far

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Srinagar, Feb 21: In order to check fraud and implement SEHAT scheme effectively in Jammu and Kashmir, Government has initiated action against the 25 erring hospitals so far.
Reports said that the State Anti-Fraud Unit (SAFU) is closely monitoring the activities of all such hospitals.
The main aim behind the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) SEHAT scheme is to extend health insurance coverage to all residents of Jammu and Kashmir. It provides free-of-cost insurance cover to all the natives of the erstwhile state.
Sources told news agency Kashmir News Trust that the government had directed both Directors Health Services Kashmir and Jammu to keep a vigil on different laboratories working under their jurisdiction and see if they comply with the guidelines under the scheme.
These directions have been passed in a bid to stop fraud and wrongdoings.
The government has decided to de-empanelment and blacklist hospitals if they indulge in fraudulent activities under this scheme.
Health and Medical Education Department has claimed that it has already released Rs 430 crore in favor of the hospitals so that patients get treatment under this scheme. [KNT]

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( With inputs from : roshankashmir.net )

February 21, 2023

JK Bank Loan Scheme For 2nd Hand Cars Check Eligibility

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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 Loan Scheme For 2nd Hand Cars Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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( With inputs from : kashmirpublication.in )

February 19, 2023

Telangana: Kanti Velugu scheme records over 43 lakh eye tests

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Hyderabad: Telangana Government on Saturday announced that it has completed testing over 43 lakh individuals in the state through the Kanti Velugu scheme, since its inception.
About 8.42 lakh people have received free prescription glasses as the scheme’s second phase touches the one-month mark on February 18.
As a part of the scheme, 1500 medical teams with ophthalmologists visit all the districts for 100 days, conducting eye screening and vision tests as well as providing spectacles free of cost and providing medicines for common eye ailments.
Telangana chief minister K Chandrashekar Rao launched phase 2 of ‘Kanti Velugu’ scheme on January 19 intended to deal with ‘avoidable blindness in the state’.
According to the data reported by the ‘Kanti Velugu’ officials, the majority of people in the state are suffering from Nearsightedness.
Nearsightedness is a common ailment where objects that are farther away, appear blurry.
People aged 40 and above have more commonly complained of nearsightedness and were given prescription glasses. Besides these vitamin A, D, and B complex tablets were also distributed in the camps.

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( With inputs from www.siasat.com )

February 18, 2023
THESE Farmers to Get Rs 3000 Monthly Pension With PM Mandhan Scheme- Details Here – Kashmir News

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THESE Farmers to Get Rs 3000 Monthly Pension With PM Mandhan Scheme
The Indian government has introduced several programs for farmers’ welfare, including the PM Kisan Samman Nidhi, Kisan Samridhi Kendras, the Kisan Credit Card Program, and the Pradhan Mantri Krishi Sinchayee Yojana. Farmers receive Rs 6000 annually through the PM Kisan Samman Nidhi in three equal instalments of Rs 2000. The central government has also created the Pradhan Mantri Kisan Maandhan Yojana (PMKMY) to assist farmers in their old age. This government scheme was created to provide social security and old-age protection to small and marginal farmers (SMF).
All small and marginal farmers, who have cultivable landholdings up to 2 hectares and who are between 18 and 40, are eligible to enrol in the pension plan under the program if their names are included in the land registers of the States/UTs. After turning 60, farmers covered by this program will earn a minimum guaranteed pension of Rs 3000 per month. The farmer’s spouse will be eligible to receive 50% of the pension as a ‘family pension’, in the event of the farmer’s death. Children are not eligible to be beneficiaries of the family pension, only spouses are.
Until they reach the age of 60, registrants between 18 and 40 would be required to make monthly contributions, ranging from Rs 55 to Rs 200. The applicant or subscriber can make a pension claim when they reach 60 years of age. A set pension amount is placed into their account each month.
Following the plan, the government provides a matching contribution. If a farmer contributes Rs 100 each month to the pension fund, the government will match that contribution. 1,92,5,369 farmers have so far chosen to participate in the Pradhan Mantri Kisan Maandhan Yojana.
One should keep in mind that only those small farmers who are not covered by any other statutory social security programs, such as the National Pension Scheme (NPS), Employees’ State Insurance Corporation program, or Employees’ Fund Organization program, are eligible for the Pradhan Mantri Kisan Maandhan Yojana. Farmers who chose to participate in the Ministry of Labour & Employment-run Pradhan Mantri Shram Yogi Maandhan Yojana and Pradhan Mantri Vyapari Maandhan are likewise ineligible to register for PMKMY.
PM Mandhan Scheme:
PM Kisan Maandhan Yojana
The government runs Pradhan Mantri Krishi Sinchayee Yojana, the Kisan Credit Card Program, the PM Kisan Samman Nidhi and many more welfare schemes for the well-being of farmers. Following suit, the Indian government launches Pradhan Mantri Kisan Maandhan Yojana (PMKMY) to help farmers economically as they age.
Benefits of PM Kisan Maandhan Yojana
If their names are included in the land registries of the States/UTs, all small and marginal farmers who have cultivable landholdings of up to 2 hectares and who are between the ages of 18 and 40 are eligible to enroll in the pension plan under the programme. Farmers who are enrolled in this programme would receive a minimum guaranteed pension of Rs 3000 per month after they turn 60. In the event of the farmer’s passing, the farmer’s spouse will be qualified to receive 50 percent of the pension as a “family pension.” Only spouses are entitled to receive the family pension; children are not.

Monthly Contribution
Participants must pay a monthly contribution of between Rs. 55 and Rs. 200. When they turn 60, the applicant or subscriber can file a pension claim. Each month, a predetermined pension amount is deposited into their account.
Age Requirement
One between 18 years and 40 can participate in the scheme. They can make a monthly contribution.
Eligibility Criteria
To qualify for the Pradhan Mantri Kisan Maandhan Yojana, a small farmer must not be covered by any other statutory social security programmes, such as the National Pension Scheme (NPS), Employees’ State Insurance Corporation programme, or Employees’ Fund Organization programme. Farmers who decided to participate in the Pradhan Mantri Shram Yogi Maandhan Yojana or the Pradhan Mantri Vyapari Maandhan are administered by the Ministry of Labour & Employment, are also ineligible to enrol for PMKMY.
(AGENCIES)
ALSO READ: PM Kisan 13th Installment Date: Beneficiary Status PDF 2023 Check By Mobile Number Here
ALSO READ: 7th Pay Commission Big News For Employees: STATE Hikes DA For Employees By 3 Per Cent- Details Inside
CLICK ON THE BELOW PROVIDED LINKS TO FOLLOW KASHMIR NEWS ON:

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( With inputs from : kashmirnews.in )

February 18, 2023
J&K Bank Monthly Yield Deposit Scheme Check Features
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FEATURES & BENEFITS
Deposit Amount                 Rs. 1000/- and above.
Tenure                                  1 year to 10 years.
Interest rate                        Fixed.
Interest application             Simple Interest (Discounted).
Interest payouts                 Monthly.
Premature withdrawal       Allowed with penalty.
ELIGIBILITY
A person in his/her name.
More than one person in their joint names.
Minor through parents/guardian.
Sole Proprietorship firms, Partnership firms
Private and Public Limited Companies
HUFs
Associations, Clubs, Societies, Trusts etc.
RATE OF INTEREST (SUBJECT TO CHANGE)
Click here for rate of Interest
DOCUMENTATION
Application Form
Photograph of depositor/s (2 copies)
Documents as per KYC Norms
PAN Card or Form 60 or 61
Any other related documents as applicable to Minors, Partnership Firms, Companies, HUF,s etc
FAQS
What is the eligibility for opening an account under Monthly Yield Deposit Scheme
of J&K Bank?
Monthly Yield Depositaccounts can be opened by individuals, either singly or jointly, Parents/ Guardians on behalf of minors, sole proprietorship firms, Partnership firms. Private and Public Limited Companies, HUFs, Associations, Societies, Trusts, etc.
What is the minimum amount required for opening an account under the Scheme?
You can open an account under this scheme with an amount of Rs 1000 and above.
What are the tenures for which the accounts can be opened?
You can open an account for any tenure ranging from 1 year to 10 years.
Is interest under this scheme applied on Simple or Compound basis?
Simple Interest (Discounted) is provided under this scheme.
Can I withdraw my deposit prematurely?
Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.
The post J&K Bank Monthly Yield Deposit Scheme Check Features and Benefits appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 15, 2023

&K Bank Cash Credit Scheme (Salaried Employees)

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NAME OF THE PRODUCT

J&K Bank Cash Credit Scheme

PURPOSE

The product is aimed at addressing the cyclic liquidity needs of salaried employees.

ELGIBILITY

Permanent Employees of Central Government, and State Government / Semi-Government Undertakings & Autonomous Bodies drawing salary from our Bank.

CLASSIFICATION

Non-Priority

NATURE OF THE FACILITY / QUANTUM / REPAYMENT

The facility shall be revolving in nature up to 8 years before the age of retirement of the employee*. The drawing power (DP) will thereafter be reduced on borrower’s birthday every year on pro-rata basis by reducing the principal amount so that the facility gets adjusted by 1 year before the age of retirement. The annual reduction can be spread over four quarters.The interest will be serviced by the borrower as and when applied.
Under this scheme, the credit facility can be sanctioned in favor of employees who is nearing his/her date of retirement. However the facility will be sanctioned on drop line limit basis as under:

Remaining Service	Maximum Limit
Up to 8 years	6 times salary credited in the account or Rs. 6.00 Lakh, whichever is lower
7 years	5 times salary credited in the account or Rs. 5.00 Lakh, whichever is lower
6 years	4 times salary credited in the account or Rs. 4.00 Lakh, whichever is lower
5 years	3 times salary credited in the account or Rs. 3.00 Lakh, whichever is lower
4 years	2 times salary credited in the account or Rs. 2.00 Lakh, whichever is lower
3 years	equal to salary credited in the account or Rs. 1.00 Lakh, whichever is lower

Quantum of finance:

Minimum: Rs. 50,000.00
Maximum : 6 times average of previous three month’s salary credited in the account; or Rs. 6, 00,000.00 whichever is lower.

* The scheme is customized for all retirement age brackets that are in vogue in the Government service sector i.e. 60, 62 and 65 years.

REPAYING CAPACITY

Stipulation of minimum take home salary shall not be insisted for this loan scheme, however the Interest outgo/ payable in this loan scheme shall be added to deduction for granting loan (s) under other schemes of the bank.

AGE OF THE APPLICANT

Minimum age of Applicant: 21 years.
Maximum at the time of loan Maturity: One year before the age of retirement.

REPAYING CAPACITY

Stipulation of minimum take home salary of 40% shall not be insisted for this loan scheme, however the Interest outgo/ payable in this loan scheme shall be added to deduction for granting loan (s) under other schemes of the bank.

MARGIN

SECURITY

Primary: NIL
Collateral: NIL

PROCESSING CHARGE

0.25% of the loan amount plus GST,
- Minimum of Rs. 500.00 plus GST.
- Maximum of Rs. 1000.00 plus GST.

RATE OF INTEREST (SUBJECT TO CHANGE)

1 year MCLR+3.50 p.a. fixed Rate of Interest with monthly rests and Annual Reset.

Click here for rate of Interest

PRE-PAYMENT

No penalty on prepayment or / and foreclosure of the loan.

The post &K Bank Cash Credit Scheme (Salaried Employees) Check Features and Benefits appeared first on Kashmir Publication.

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( With inputs from : kashmirpublication.in )

February 15, 2023

Govt scheme to check publication of fake product & services reviews

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New Delhi: The government has formulated a conformity assessment scheme on IS 19000:2022, which is aimed at certifying the processes related to collection, moderation and publication of online customer reviews, to prevent publication of fake or misleading reviews, secretary in the Department of Consumer Affairs Rohit Kumar Singh said on Wednesday.
The scheme lays down the criteria and responsibilities of the organisation and ancillary requirements for grant and operation of certification requirements for processes related to collection, moderation and publication of online customer reviews, and charges relating to certification of said process.
This scheme will ensure authenticity and reliability of consumer reviews published online, and will help consumers make informed decisions.
This is a major step towards ensuring consumer protection and promoting fair trade practices in the e-commerce industry, Singh said.
The rapid growth of consumer reviews for a wide range of products like clothes, electrical appliances, toys, cars, etc and also services like restaurants, hotels, travel and logistics, real estate and lawyers, etc., have the potential to empower consumers and drive industry growth, by creating a more transparent and dynamic way to exchange information, he added further.
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( With inputs from www.siasat.com )

February 15, 2023
J&K Ladli Beti Scheme 2023 | Get 1000 Monthly |Check Eligibility

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J&K Ladli Beti Scheme 2023 | Get 1000 Monthly |Check Eligibility, Documents – Apply

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A Jammu & Kashmir Government sponsored social assistance scheme meant for new born girl child of the Union Territories of J&K and Ladakhborn on or after 01st April 2015. The objective of the scheme is to arrest the declining female sex ratio. The scheme further intends to ensure that the girl child does not become a burden for the parent or guardian at the time of her marriage.
The scheme is a hybrid deposit plan having two phases:

Phase I: A recurring deposit for 14 years having date of completion as one month after the last installment received in the account.
Phase II: A Cumulative Term Deposit (CCR) for 07 years.
The monthly contribution of Rs.1000/= in Phase-I is made by the J&K Govt
FEATURES
Recurring deposit account under this scheme shall be opened by the natural or legal guardian of the girl child.
A contribution of Rs. 1000/- per month will be made by J&K Government from the birth of the girl child / account opening date for the next 14 years. (A total of Rs. 168000/- only will be contributed by the UT.)
No credits other than monthly contribution of Rs. 1000/- by J&K Government is to be allowed in Phase I (RD Account)
After the maturity of Phase I (recurring deposit account) the account will graduate to Phase II (Cumulative Term Deposit account).
No partial drawls or Foreclosure will be allowed under any circumstances during any phase.
Maturity benefits under the scheme will be paid to the beneficiary on completion of 21 years of age or 21 years after the first installment or 85 months after the last installment whichever is later by crediting the saving bank account of the girl child. However, the girl child is at liberty to reinvest the amount in any deposit plan of the bank at card rates.

Nomination facility will not be applicable in scheme. In an unfortunate event of the death of the girl child, the account will be closed immediately and the balance amount along with interest accrued will revert to the Union Territories of J&K and Ladakh;
In the event of death of the beneficiary before she attains 21 years of age, the amount in the Recurring Deposit account / Term Deposit account shall be closed before maturity without pre payment charges.
The account opened at a particular branch may not be transferred to any other branch even if the girl child in whose name the account stands shifts to a place other than the city or locality where the account stands.
The beneficiary / parent or guardian of beneficiary shall produce ‘life certificate of the beneficiary (girl child)’ certified by a gazetted officer or by the principal of school/ college where she is enrolled before the concerned bank branch after every three years and at the time of maturity.
As scheme is aimed at households having annual income less than 75000/- The TDS shall not be deducted as long as the guardian / beneficiary furnishes form 15G/15H every year and has a valid PAN
ELIGIBILITY
Girl Child born on or after 01/04/2015 whose applications are complete in all respect accompanied with sanction letter from Child Development Project Officer (CDPO) of the selected domiciliary district (Srinagar, Anantnag, Budgam, Jammu, Kathua, Pulwama, Samba, Kishtwar).
Girl child born to parents whose annual income from all sources is less than Rs 75000
DOCUMENTATION
Application Form
KYC Norms of Parent/ Guardian
sanction letter from Child Development Project Officer
Apply here
Full Details
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( With inputs from : kashmirpublication.in )

February 15, 2023
J&K Bank Smartphone Finance Scheme Check Eligibility
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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 J&K Bank Smartphone Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 14, 2023

Tag: Scheme

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

THESE Farmers to Get Rs 3000 Monthly Pension With PM Mandhan Scheme

PM Mandhan Scheme:

PM Kisan Maandhan Yojana

Benefits of PM Kisan Maandhan Yojana

Monthly Contribution

Age Requirement

Eligibility Criteria

CLICK ON THE BELOW PROVIDED LINKS TO FOLLOW KASHMIR NEWS ON:

FEATURES & BENEFITS

ELIGIBILITY

RATE OF INTEREST (SUBJECT TO CHANGE)

DOCUMENTATION

FAQS

NAME OF THE PRODUCT

PURPOSE

ELGIBILITY

CLASSIFICATION

NATURE OF THE FACILITY / QUANTUM / REPAYMENT

REPAYING CAPACITY

AGE OF THE APPLICANT

REPAYING CAPACITY

MARGIN

SECURITY

PROCESSING CHARGE

RATE OF INTEREST (SUBJECT TO CHANGE)

PRE-PAYMENT

NATURE OF THE FACILITY

PURPOSE

ELIGIBILITY

AGE

SCALE OF FINANCE

MARGIN

SECURITY

PROCESSING CHARGES

REPAYMENT

PREPAYMENT

RATE OF INTEREST (SUBJECT TO CHANGE)