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  • Housing Loan For Construction /Purchase
    For repairs/renovation
    For purchase of land
  • Education Finance Education Loan:
    Term Loan For B.Ed/ M.Ed.Courses
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  • Automobile Finance Car Loan Scheme Car Loan for Used Cars
    Commercial Vehicle Finance
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    and more...
  • Other Finances Consumer Loan
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    Personal Loan to Pensioners
    Fair Price Shop Scheme
    Travel & Tourist Taxi Operators
    and more...
  • Specialized Finances Help Tourism
    Craft Development Finance
    Establishment of Mini Sheep Farms in Private Sector
    Technology Upgradation Scheme for MSE sector
    and more...
 

  Other Finances

 

  Mortgage Loan for Trade & Service Sector
    

  Purpose
  • To provide hassle free working capital finance to the borrowers.

  Eligibility
  • Retail and wholesale traders and other business enterprises, with a satisfactory track record of 3 years.

  Nature of Facility
  • Cash Credit
  • Overdraft.

  Security
  • Primary Hypothecation of stocks and book-debts
  • Collateral Mortgage of Unencumbered residential house/flat, commercial or industrial property with a clear marketable title in the name and possession of the borrower/Proprietor/ Partner/s/Director/s either self occupied or vacant.

  Rate of Interest

  Top (Conditions Apply)

  Loans against Mortgage of Immovable Property
    

  Purpose
  • An ideal product handy to individuals/business enterprises/professionals and self-employed as a source of funds for expenditures of any nature provided they have a minimum service/standing of three years.

  Income Criteria
  • Minimum net annual income should be  1.00 lacs.

  Loan Eligibility
  • 30 times net monthly income or  100.00 lacs whichever is lower.

  Type of Loan
  • Term Loan

  Minimum amount of Loan
  •  0.50 lacs
  Maximum
Amount of loan
  •  100.00 lacs

(In case of individual borrowers, the income of the spouse can be taken into consideration for determining the loan amount. In such cases, the facility would be allowed in the joint names.)


  Margint
  • Nil

  Security
  • Mortgage of the unencumbered residential house/flat, commercial or Industrial property with a clear marketable title in the name and possession of borrower/proprietor or partner/s/Director/s either self occupied or vacant with a security cover of 1.5 times the amount of loan.
  Rate of Interest
  Repayment
  • The loan granted under the scheme together with interest thereon would be repayable within a maximum period of 84 months through (EMI’s) commencing one month after disbursement of the loan. The repayment shall have to be fixed on a realistic basis so that the loan deductions including EMI for the loan granted under this scheme do not exceed 60% of the borrower’s gross income.

  Top (Conditions Apply)

  Fair Price Shop Scheme
    

  Introduction
  • The scheme is launched to provide hassle free cash credit facility to Fair Price Shops. The facility under this scheme can be availed to meet working capital requirements for procuring the supplies –food grains and sugar from Assistant Director (Stores).

  Eligibility
  • All the dealers who have been granted dealership by Director of Consumer Affairs & Public Distribution for sale and storage of food grains and sugar under the Public Distribution System and have satisfactory dealings with CAPD for past one year

  Purpose
  • The facility shall be provided to the dealer to procure supplies –food grains and sugar from Assistant Director (Stores) CAPD.

  Type Of Loan
  • Working capital Facility

  Quantum of Finance
  • The amount of loan shall be restricted to 75% of the monthly purchases of food grains by the dealer with a maximum of   4.00 lacs only

  Margin
  • 25% of the monthly purchases.

  Security
  • Primary: Hypothecation of Food grains.
  • Collateral: Third party guarantee of two persons of sound means

  Rate of Interest

  Top (Conditions Apply)

  Travel & Tourist Taxi Operators
    

  Introduction
  • To upgrade the tourist transport services and to generate more employment in The Jammu & Kashmir State a scheme has been formulated  to provide the financial assistance to the Travel and Tourist Taxi Operators identified by the Directorate of Tourism (J&K State) for purchase of fresh vehicles .

  Eligibility
  • The beneficiaries identified by the State Government through Directorate of Tourism Jammu & Kashmir shall be eligible for finance under the Scheme.

  Purpose
  • The finance under this scheme shall be available for purchase of fresh vehicles by way of replacement of old vehicles.

  Quantum of Finance
  • Loan component shall be 85% of the cost of the vehicle subject to a maximum loan amount of 6.05 lacs.

  Security
  • Hypothecation of the vehicles to be purchased.
     
  • Third party guarantee of two persons having sound means to withstand the liability.

  Margin
  • Margin shall be 15% up to the vehicle cost of 7.12 lacs. In case the cost of the vehicle exceeds 7.12 lacs, the cost over & above 7.12 lacs shall be wholly contributed by the beneficiaries.

  Rate of Interest

  Top (Conditions Apply)
 
 

 
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