|
Specialized Finance Schemes |
Help
Tourism (For Kashmir valley only) |
|
All
Purpose AgriTerm Loan |
|
Fruit
Advances Scheme (Apple) |
|
Zafran Finance |
|
Roshni Financing Scheme |
|
Craft Development Finance |
|
Dastkar Finance |
|
Giri Finance Scheme |
|
Khatamband Craftsmen Finance |
|
Commercial Premises Finance |
|
Laptop/PC Finance |
|
Establishment of Mini Sheep Farms in
Private Sector |
|
Contractor Finance |
|
Technology Upgradation Scheme for MSE
sector |
|
JK Bank Commercial Floriculture
Finance |
|
Seed Capital Fund Scheme under SKEWPY |
|
JKBank Scooty Finance for Girls/
Ladies |
|
J&K
Bank Handicrafts Sustenance Finance
(Outside Tripartite Agreement) |
|
J&K Bank Handicrafts Sustenance
Finance (Under Tripartite Agreement) |
|
JK Bank Craftsmen Livelihood Finance |
|
Scheme
for Establishment of Mini Sheep Farms in
Private Sector |
|
JK Bank Construction Equipment
Finance |
|
JKBank Solar Lighting & photo voltaic Finance |
| |
|
|
|
|
Help Tourism (For Kashmir valley
only) |
| |
| |
Purpose |
|
- Exclusive scheme providing
hassle free credit for the
conversion of residential properties
into tourist guest houses
(renovation/refurbishment only)
|
|
| |
Eligibility |
|
- The house should be owned by the
borrower, suitably located and
having a motorable approach. The
house should not be more than 15
years old.
- Proper registration with the
Tourism Department, J&K Government,
and permission for the conversion/
renovation/ refurbishment from
Municipality/ concerned authority,
wherever necessary. - The guest
house should be managed by the owner
himself. - The prospective borrower
required to submit proper
estimates/project report for the
renovation/refurbishment plan for
the proposed guest house to assess
the viability.
- The renovation/refurbishment
should be completed within a period
of three months from the date of
first disbursement. - The existing
hotels/guest houses already
registered with the Tourism
Department not come under the
purview of this scheme.
|
|
| |
Quantum of Loan |
|
- Maximum:
50,000/=
per room and
10.00
lacs per guest house.
|
|
| |
Components of Project Cost |
|
- Cost on account of renovation,
painting, bedding, furniture,
dinning table, flooring, crockery,
cutlery, colour television etc.,
required for renovation/refurbishing
of the house.
|
|
| |
Security |
|
- Primary: Hypothecation of all
furniture fittings and other movable
assets of the guest house.
- Collateral: Upto
2.00
lacs: Third party guarantee of two
persons having sufficient means to
withstand the liability. Above 2.00
lacs: Mortgage of the house
property/guest house.
|
|
| |
Margin |
|
|
|
| |
Rate
of Interest |
|
|
|
| |
Moratorium |
|
|
|
|
Top |
|
|
(Conditions Apply)
|
| |
|
|
|
|
All
Purpose Agri Term Loan |
| |
|
|
|
| |
Nature of
Facility |
|
|
|
| |
Objective |
|
- To provide adequate and
timely credit for
comprehensive requirements
of farmers with flexible and
simple features
|
|
| |
Purpose |
|
- Purchase of assets (farm
equipments, bullocks, etc)
- Creation of assets
(Orchard Development, Dairy
Development, Poultry
development etc)and
- Any other activity under
Agriculture, Horticulture,
Sericulture, Animal
Husbandry, Plantation,
Fisheries etc.
- An indicative list of
activities is presented
herein below.
- Setting up of small
Dairy/Poultry units ·
Orchard Development
- Crops (Paddy, wheat,
maize, oil seeds,
saffron, vegetables etc)
- Purchase of Farm
Machinery eg. Water
pumps/Spray pumps
- Dug wells, Bore
wells, shallow tube
wells, sprinklers and
drip irrigation.
- Purchase of plough
animals
- Purchase of seeds,
pesticides/fertilizers ·
Vegetable farming
- Setting up Rural
Retail Agricultural
outlets
- Construction of
Godowns/grading sheds
- Plantation,
nurseries
|
|
| |
Eligibility |
|
- All Persons engaged in
agricultural and allied in
Semi urban and Rural areas
including all categories of
farmers.
|
|
| |
Quantum of finance |
|
- Max.
1.00 Lac depending upon the
activity to be financed.
Multiple activities can also
be considered for assessing
the quantum of finance.
|
|
| |
Processing Charges |
|
- 0.05% of the amount
sanctioned with a min. cap
of
25/- to be paid upfront
|
|
| |
Rate of Interest(Subject to
Change) |
|
Click here for rate of
Interest |
|
| |
Repayment |
|
- 5 years after a
moratorium of three months.
|
|
|
|
Top |
|
(Conditions Apply) |
| |
|
|
|
Fruit
Advances Scheme (Apple) |
| |
| |
Salient Features |
|
- a) Finance to Growers
i. Assessed on entire fruit
bearing orchard owned by the grower
farmer or any of his family member.
ii. Upto an individual credit
limit of 1.00 lac no revenue record
of land holding is required.
iii. The credit limit of
Growers is to be assessed and
sanctioned for a period of 3 years.
The limit will get automatically
renewed annually subject to
satisfactory conduct of the account.
iv. Option for the grower to
enter the scheme to avail the
financial assistance at any of the
following stages:
• Pre-harvest stage for production
cost.
• Harvesting stage for picking/
packing/ grading.
• Post harvesting stage for
marketing.
• For entire production & marketing
cycle.
v. The grower is not required
to submit any financial statement/
balance sheet for sanction of credit
facility excepting personal
statement and land holding record
wherever required in addition to
papers under KYC norms.
vi. Option for additional
financial assistance for carriage
and cold storage of the produce as
per stipulated rates.
vii. No collateral Security
upto the loan limit of 1.00 lakh.
b) Finance to the Traders/Arthias/Commission
& Forwarding Agents
i) The scale of finance to be
assessed on the basis of number of
fruit boxes marketed/ forwarded
during the previous year with a
reasonable increase based on average
growth during the last three years.
ii) The average per box
market price will be aligned to the
actual market rates.
iii) Hassle free renewal of
the credit limit from January
onwards subject to satisfactory
conduct of the account.
iv) Option for additional
financial assistance for cold
storage of the produce as per
stipulated rates.
|
|
| |
Purpose |
|
- To provide comprehensive and
timely financial assistance with
flexible and simplified procedure
adopting whole farm approach taking
care of the production/marketing
credit needs of Apple
Growers/Traders/Arthias/Commission &
Forwarding Agents of the J&K State
with a reasonable component for
consumption/subsistence of the
growers.
Under the scheme finance will be
available for following components:-
Production/Input Cost
• Cost of fertilizer
• Cost of
fungicides/pesticides/insecticides
etc.
• Cost of
fertilizers/fungicides/pesticides/insecticides
application
• Cost of Watch & Ward and
• Post Harvest maintenance
Marketing Costs
• Cost of Boxes
• Cost of Packing Material
• Cost of Picking, Packing & Grading
• Cost of Transportation
• Cost of Cold Storage of produce
(optional)
|
|
| |
Nature of Facility |
|
|
|
| |
Eligibility |
|
- All Fruit Growers/Orchardists
owning orchards with fruit bearing
trees.
- All Local Traders/Arthias/Commission
& Forwarding Agents having a market
standing of at least one year.
|
|
| |
Scale
of Finance* |
|
S.No. |
Particulars of Borrower |
Amount |
1. |
Growers (Per Acre of orchard) |
2.73 lac
|
2. |
Local Trader/Arthias (per box of 20 Kgs) |
242/-
|
3. |
Commission/Forwarding Agent (per box of 20 Kgs) |
126/-
|
*Provision for additional finance is
available for cold storage of produce at
20/- per box subject to a maximum limit
of 10.00 lac per borrower against
pledge of cold storage receipts duly
endorsed in favour of the bank.
|
|
| |
Security |
|
- Primary
• Hypothecation of fruit
crop/packing material.
• Hypothecation of book debts.
- Collateral:
Limit |
Security |
Upto 1.00 lac |
Nil other than personal guarantee of the borrower |
Above 1.00 lac upto 5.00 lacs |
Third party guarantee of two persons |
Above 5.00 lacs |
Mortgage of orchards/immovable property with a minimum value of 125% of the credit limit. |
- Margin
|
Grower |
10% (to be contributed in the shape of labour incurred on fertilizer/pesticide/fungicide application and post harvest maintenance)
|
|
Trader |
25% |
sddsd
|
|
| |
Processing Charges |
|
400/- (upfront in case of Third
Party Guarantee)
500/- (upfront in case of Mortgage).
|
|
| |
Margin |
|
|
|
| |
Rate
of Interest |
|
|
|
|
Top |
|
(Conditions Apply) |
| |
|
|
|
Zafran
Finance |
| |
Objective |
|
-
To provide
adequate and need based financial
assistance for cultivation of
saffron. The term loan shall cover
the entire plantation & production
costs including plant material,
agricultural machinery, labour, etc.
|
|
| |
Nature of facility |
|
|
|
| |
Eligibility |
|
|
|
| |
Quantum of Finance |
|
- The unit cost,
Margin & maximum amount of finance
inclusive of the interest during
moratorium (capitalized) shall be as
follows:
|
| |
|
|
For Loans upto 2 lacs:
Amount in
a.
Unit Size
(Land Holding) |
b.
Unit Cost excluding
Capitalized Interest. |
c.
Unit Cost
inclusive of capitalized
Interest. |
d.
Interest @ during moratorium*. |
e. Margin @ 20% of b. |
f.
Loan Amount |
g.
Loan amount inclusive of
capitalized Interest. |
| 1
Kanal |
28,500 |
32,305 |
3805 |
5700 |
22,800 |
26,605 |
|
| |
|
|
For loans
above 2 lacs to 10 lacs.
Amount in  |
| |
|
|
a. Unit Size
(Land Holding) |
b. Unit Cost
excluding
Capitalized Interest. |
c. Unit Cost
inclusive of capitalized
Interest. |
d. Interest @
during moratorium*. |
e. Margin @ 20%
of b. |
f. Loan Amount |
g. Loan amount
inclusive of capitalized
Interest. |
| 1 Kanal |
28,500 |
32,692 |
4192 |
5700 |
22,800 |
26,992 |
|
| |
|
|
- The finance shall take care of
1st & 2nd year’s costs.
- Minimum unit size to be financed
under the scheme will be 0.5 Kanals.
The unit-sizes indicated in the
Tables-above are for I Kanal of
land. However, in actual cases the
unit size can be of varied sizes.
The unit cost of the farms should
therefore be calculated in
proportion to the unit cost
prescribed in the Tables.
- For the purpose of loan limit,
the amount of Interest during
moratorium has been calculated on
worst –case scenario assuming that
1st & 2nd installment during year 1
are disbursed during April. However,
in practice branches shall calculate
the interest during moratorium on
actual disbursement basis.
|
|
| |
Minimum & Maximum Amount of Loan |
|
-
Minimum -
0.06 Lacs
-
Maximum -
10.00 Lacs.
|
|
| |
Security |
|
|
|
| |
Disbursement of Loan |
|
- The loan facility sanctioned
under the scheme shall be disbursed
as follows:
a) 90% of loan amount
including Margin but excluding
amount earmarked for interest
charged during moratorium to be
disbursed in 2 installments in the
Year 1 during the months of April
–August as per the requirements of
the grower.
b) 10% of loan amount
including Margin but excluding
amount earmarked for interest
charged during moratorium to be
disbursed during April-August of 2nd
year.
c) Amount earmarked for
interest to be released on yearly
basis for servicing of interest
during moratorium. Interest for
remaining period of moratorium, i.e.
8 months shall be applied as well as
disbursed at the end of the
moratorium period.
|
|
| |
Moratorium Period
|
|
- There shall be an initial
moratorium of 20 months from the
date of disbursal of loan. Interest
for the moratorium shall be
capitalized.
|
|
| |
Repayment of Loan |
|
- Option 1 : Interest for
the moratorium period shall be
capitalized. At the end of the
moratorium period, the outstanding
loan amount inclusive of capitalized
interest shall be paid in three
yearly installments in the ratio of
20, 35 & 45% with the first
installment to be paid immediately
after completion of the moratorium
period. Interest for the period
after initial moratorium shall be
paid along with the annual
installments.
- Option 2 : This option
shall be similar to the first option
except for the difference that here
a borrower shall pay the interest
portion every month after the
moratorium period till the
liquidation of the loan at the time
of payment of 3rd yearly
installment.
|
|
| |
Processing Charges |
|
|
|
| |
Rate
of Interest |
|
|
|
Top
|
|
|
(Conditions Apply) |
|
Roshni
Financing Scheme |
| |
Objective |
|
- To provide finance to occupants
desirous of acquiring freehold
rights of the land under their
occupation, as per the SRO-64 dated
5th March 2007, issued by Govt of
Jammu & Kashmir.
|
|
| |
Nature of facility |
|
|
|
| |
Eligibility |
|
- Permanent residents of J&K
State/Educational, religious,
charitable, non-profitable, social
institutions/trusts/societies,
political parties recognized by
election commission of India, etc
who have to pay a certain sum to the
State Government for acquiring
freehold rights of the state land
under their occupation in response
to a notice from Deputy Commissioner
of the concerned district or from
any other authorized official of
State Govt. under Sec.8 (3) of
J&K State Land (Vesting of ownership
to the occupants) Act 2001.
|
|
| |
Quantum of Finance |
|
- 3 times net annual income of the
borrower subject to the condition
the home take income, after
including the deductions on account
of this loan also, is at least 40%
of the gross income. Income of the
family i.e. spouse and other natural
successors can also be considered
for working out the quantum of
finance, subject to the stipulation
of 40% minimum home take income for
the family’s gross income.
|
|
| |
Maximum Amount of Finance |
|
- The maximum finance under this
product shall be the amount of total
payment to be made as per the
Govt.notice under Sec 8 of J&K State
Land Act, 2001 received by the
occupant and the incentive rebate or
penalty applicable to the occupant
in accordance with the Fixation of
price (Annexure-I) & Incentive
/penalty for payments (Annexure-2)
prescribed under the Govt.
notification under SRO-64, subject
to stipulations of Quantum of
finance prescribed above.
|
|
| |
Margin |
|
- 10% on the amount to be paid for
acquiring the freehold rights after
incorporating the
incentives/penalties applicable to
the occupant
|
|
| |
Rate of Interest |
|
Click here for rate of
Interest |
|
| |
Security |
|
- Primary:
Mortgage of the land and the assets
thereon.
- Collateral:
Guarantee by family, i.e.spouse and
natural successors in case their
income has been considered for
working out the quantum of finance
and the repayments
|
|
| |
Repayment |
|
- 60 Equal Monthly Installments.
|
|
| |
Moratorium |
|
|
|
| |
Prepayment |
|
- Allowed subject
to prepayment penalty @1% on the
pre-paid amount
|
|
| |
Processing Charges/ Upfront fee |
|
- For Commercial Occupants
0.25% of loan amount.
- For residential use
0.01% of the loan amount or
10000/= whichever is less.
|
|
| |
Disbursement |
|
- The total amount including the
margin will be paid to the concerned
Dy. Commissioner against a receipt
and the delivery of the title to the
land in favour of the occupant.
|
| Top |
(Conditions Apply)
|
|
|
Craft Development Finance |
| |
Nature of Facility |
|
|
|
| |
Objective |
|
- To provide adequate and timely
credit for comprehensive
requirements of Artisans &
Craftsmen, etc.
|
|
| |
Eligibility |
|
- All Artisans, Craftsmen and
other people aged 18 to 55 years,
associated with below-mentioned
activities:
- Artisans,
which shall include:
- Namda Sazs/ /Wood
Carvers/ Fur
Garments/Leather
Garments/Paper Machine
Makers/ Willow Wickers.
- Copper Smiths
- Kangdi Makers
- Tailors/Boutique
*However, Branch Heads can identify
other activities in their respective
service areas and apply for inclusion of
these activities within the ambit of
this product.
*Carpet –Weaving, Kani-Shawl weaving &
Shawl Embroidery are not financed under
this product, as a separate product
“JKBank Dastkar Finance” has already
been introduced for these activities.
|
|
| |
Repayment Schedule |
|
|
S.No
|
Activity
|
Max.Limit
(
in 000’s)
|
Moratorium
|
Repayment
Schedule.
|
|
1.
|
Artisans
|
|
|
|
|
1.a
|
Namda Sazs
|
20
|
One Month
|
-do-
|
|
1.b
|
Wood Carvers
|
50
|
Two Months
|
-do-
|
|
1.c
|
Fur/Leather Garments
|
50
|
One Month
|
Monthly
|
|
1.d
|
Paper Machie Makers
|
30
|
Two Months
|
-do-
|
|
1.e
|
Willow Wickers.
|
10
|
Nil
|
Weekly
|
|
2.
|
Copper Smiths
|
100
|
One Month
|
Monthly
|
|
3.
|
Kangdi Makers
|
10
|
Nil
|
Fortnightly
|
|
4.
|
Tailors/ Boutiques
|
40
|
Nil
|
Weekly
|
|
8.
|
Pottery
|
20.
|
1 Month
|
Fortnightly.
|
|
|
| |
Security |
|
|
Amount of Loan |
Security
to be furnished
|
Upto
25,000. |
Hypothecation of
stocks/articles
Third Party Guarantee of one
Person
|
Above
25,000 |
Hypothecation of
stocks/articles
Third Party Guarantee of two
Persons.
|
|
|
| |
Insurance |
|
- Comprehensive insurance of
hypothecated assets
|
|
| |
Processing Charges |
|
- 0.05% of the amount sanctioned
with a minimum cap of
25/- to be paid upfront
|
|
| |
Rate
of Interest |
|
|
|
| |
Repayment |
|
- 2 ½ years with repayment
schedule as prescribed above.
|
|
| Top |
(Conditions Apply)
|
| |
|
|
|
|
Dastkar
Finance |
| |
Nature of Facility |
|
- Term Loan / Working Capital Term
Loan (WCTL)
|
|
| |
Objective |
|
- To provide adequate and timely
credit for comprehensive
requirements of Artisans &
Craftsmen, etc.
|
|
| |
Eligibility |
|
- All Artisans, Craftsmen and
other people aged 18 to 60 years,
associated with below-mentioned
activities:
• Carpet Weaving
• Shawl Embroidery
• Kani Shawl Weaving.
• Chain Stitch
• Crewel
• Wood Carving
• Paper Machie
|
|
| |
Quantum of Finance, Moratorium &
Repayment Schedule |
|
- The Quantum of finance,
Moratorium Period and the Repayment
Schedule for each of these
activities shall be as follows
|
|
|
|
|
(Amount in 000's) |
Activity |
Unit |
Size (ft),
Knots / sq. inch** |
Loan |
Max
Limit* |
Moratorium |
Repayment |
Carpet Weaving |
1 Loom
3 Weavers |
9 X 6, 40 X
40 |
Term Loan |
30 |
18 Months |
24EMIs |
|
WCTL |
305 |
18 Months |
Bullet |
1 Loom
3 Weavers |
9 X 6, 30 X
30 |
Term Loan |
30 |
15 Months |
24EMIs |
|
WCTL |
175 |
15 Months |
Bullet |
1 Loom
3 Weavers |
9 X 6, 24 X
24 |
Term Loan |
30 |
8 Months |
24EMIs |
|
WCTL |
115 |
8 Months |
Bullet |
1 Loom
3 Weavers |
9 X 6, 18 X
18 |
Term Loan |
30 |
6 Months |
24EMIs |
|
WCTL |
75 |
6 Months |
Bullet |
Kani Shawl
Pashmina
*** |
1 Loom
2 Weavers |
|
Term Loan |
15 |
8 Months |
24EMIs |
42 x 81 inches |
WCTL |
60 |
8 Months |
Bullet |
Shawl
Embroidery |
1 Artisan |
42 x 81 inches |
WCTL |
60 |
8 Months |
Bullet |
|
|
|
|
|
|
|
Chain Stitch |
4 Artisans |
2100 Sft |
WCTL |
70 |
8 Months |
Bullet |
Crewel |
4 Artisans |
1440 Sft |
WCTL |
100 |
8 Months |
Bullet |
Wood Carving |
1 Artisan |
Big Items |
WCTL |
100 |
8 Months |
Bullet |
2 Artisans |
Small items |
WCTL |
100 |
8 Months |
Bullet |
Paper Machie |
3 Artisan |
Big & Small Items |
WCTL |
100 |
8 Months |
Bullet |
|
| |
|
|
**The sizes/Knots prescribed above
are standard sizes. However, Branches
can finance other size/knots also. The
WC period and maximum amount of finance
in these cases must be calculated in
reference to the standard sizes. The
Moratorium Period and Max. Quantum of
finance (including capitalized interest)
in all cases shall, however, be subject
to an upper ceiling as prescribed for
9X6 ft, 40X40 Knots carpet.
***For Kani-shawls of 54 x 108 square
inches dimensions, the moratorium period
shall be 12 months.
|
|
| |
Security |
|
- Hypothecation of SIP / FG &
Cover under Credit Guarantee Fund
Scheme of CGTMSE
|
|
| |
Margin |
|
|
|
| |
Insurance |
|
- Comprehensive insurance of
hypothecated assets.
|
|
| |
CGTSI Cover |
|
- Upfront Guarantee fee 1.00%,
Annual Service Fee 0.50%. The
upfront and service fee shall be
borne by Ministry of Textiles,
Government of India in case of
craftsmen having Artisan Card of
Dir. Handicrafts, J&K State.
However, craftsmen who don’t possess
Artisan Card shall have to bear both
the fee themselves
|
|
| |
Processing Charges |
|
- 0.05% of the amount sanctioned
with a minimum cap of
25/- to be paid upfront.
|
|
| |
Rate
of Interest |
|
|
|
| |
Repayment |
|
- WCTL to be repaid bullet after
moratorium
- TL in 24 EMIs after moratorium.
Interest for moratorium to be
capitalized.
|
|
| Top |
(Conditions Apply)
|
|
Giri Finance Scheme |
| |
Nature of Facility |
|
- Cash Credit /SOD facility
|
|
| |
Objective |
|
- To provide adequate and
hassle-free working capital finance
to Walnut kernel Traders for taking
care of the expenses involved in
procuring and sales of kernels.
|
|
| |
Eligibility |
|
- All Persons engaged in trade of
Walnut kernels & having previous
experience/track record.
|
|
| |
Quantum of Limit |
|
- 40% of the projected sales
turnover or 60% of the forced value
of the property offered for
mortgage, whichever is lower.
- Projected sales turnover must be
supported by the actual turnover
through the account, which should be
at least 50% of the projected sales
turnover.
- Borrower must also submit
Audited Financial statements/
Exporters Statement/ previous Watak
Report or Challan of Transport to
support the projected sales
turnover.
|
|
| |
Margin |
|
- 25% of the limit sanctioned.
|
|
| |
Rate
of Interest |
|
|
|
| |
Security |
|
|
|
Hypothecation of stocks
and book-debts.
|
|
|
Up to
5 lacs
|
Third Party Guarantee of
2 persons
|
Above
5 lacs to
25 lacs
|
Mortgage of unencumbered
immovable property
|
Above 25 lacs
|
Mortgage of
unencumbered immovable
property
Third Party Guarantee of 2
persons
|
|
|
| |
|
|
* Third Party
Guarantee shall be accepted only if the
quantum of limit is upto 2 lacs only,
subject to the satisfaction of the
Branch Manager. Otherwise the finance
shall be secured by mortgage of
immovable property.
|
|
| |
Valuation |
|
|
|
| |
Insurance |
|
|
|
| |
Processing Charges |
|
-

400/-to be paid upfront in case
of Third Party Guarantee & 
500/- to be paid upfront in case
of Mortgage.
|
|
| |
Disbursement |
|
- 25% of sanctioned amount from
May to July &
Rest of the sanctioned amount from
August to November
|
|
| |
Adjustment/
Renewal/
of Limit
|
|
-
The account is to be adjusted by
reduction in the credit limits
by 20% each month starting
December onwards till the
final adjustment of the account
in April every year.
Subject to above stipulations,
the limit under the scheme shall
be reviewed annually and
revised/ cancelled /enhanced
depending on the performance of
the borrower.
|
|
| |
Penal Interest |
|
|
|
| Top |
(Conditions Apply)
|
| |
|
|
|
|
Khatamband Craftsmen Finance |
| |
Objective |
|
- To provide adequate & timely
credit for comprehensive
requirements of the Khatamband
Craftsmen.
|
|
| |
Nature of facility |
|
- Working Capital finance in the
nature of Cash Credit facility on
revolving basis.
|
|
| |
Eligibility |
|
- Artisans associated with the
Khatamband trade.
The age of the applicant must be
between 18-55 years
|
|
| |
Quantum of Finance |
|
- The total credit should not
exceed
1,00,000/- per Unit*. The amount of
loan shall be as per the estimate of
cost per head/month (Annexure-1)
*A Khatamband unit is
comprised of at least 4 craftsmen.
|
|
| |
Margin Requirements |
|
- 20% of the amount sanctioned.
|
|
| |
Rate
of Interest |
|
|
|
| |
Security: Primary |
|
- Hypothecation of stocks (Raw
materials, semi- finished & finished
goods) created out of Bank finance.
|
|
| |
Collateral |
|
- Third party guarantee of two
persons, preferably fellow
unit-holders.
|
|
| |
Repayment |
|
- The account must be brought into
credit at least once a year.
However, interest shall be serviced
on monthly basis.
|
|
| |
Insurance |
|
- Comprehensive insurance of
hypothecated stocks.
|
|
| |
Processing Charges |
|
- 0.05% of the amount sanctioned
with a minimum cap of
25/- to be paid upfront.
|
|
| |
Review of the limit |
|
- The limit under the scheme shall
be reviewed annually and revised/
cancelled /enhanced depending on the
performance of the borrower
|
|
| Top |
(Conditions Apply)
|
|
Commercial
Premises Finance |
| |
Objective |
|
- To provide Finance for
possession and use of commercial
property being Shop/s, Office/s, etc
and leased out by Government/
Semi-Government and Autonomous
bodies.
|
|
| |
Nature of facility |
|
|
|
| |
Eligibility |
|
- Any one of the following is
eligible:
- Individuals
- Proprietorship Concerns
- Professionals or self
employed persons
- Partnership firms.
- Companies
*The applicant must
have a business standing of at least 3
years.
|
|
| |
Quantum of Finance |
|
- 4 times net annual income
subject to a maximum cap of
50.00 Lacs. Income of spouse will
also be considered for married
applicants
|
|
| |
Margin Requirements |
|
- 25% of lease premium. Earnest
money paid shall be considered for
margin requirements.
|
|
| |
Rate
of Interest |
|
|
|
| |
Security |
|
- Primary:Mortgage
of lease-hold rights in the property
acquired.
- Collateral: 3rd
Party guarantee of two persons/
Mortgage of Immovable property as
per the satisfaction of the Branch
Manager.
|
|
| |
Repayment |
|
- 60 to 84 Equal Monthly
Installments.
|
| |
| |
Moratorium |
|
- 1 Month from the date of first
disbursement.
|
| |
| |
Prepayment |
|
- Prepayment allowed subject to
prepayment penalty @1% on the
pre-paid amount
|
|
| Top |
(Conditions Apply)
|
| |
|
|
Laptop/PC Finance |
| |
Nature of Facility |
|
Term Loan |
|
| |
Purpose |
|
To provide finance
for purchase of Laptop/ PC’s to regular
students of recognized schools, colleges
& universities in India, i.e.
- Regular students of recognized
schools & colleges from LKG to 12th
Class.
- Graduation courses: BA, B.Com,
B. Sc, BVSc etc.
- Post graduation courses:
Masters, M.Phil. and PhD.
- Professional degree courses:
Engineering, Medical, Agriculture,
Veterinary, Law, Dental, Management,
Computer etc.
Finance under this product shall also be
provided to regular teachers of
recognized private schools.
|
|
| |
Eligibility |
|
- Persons whose minor
children/wards are regular
students of recognized
schools/colleges/institutions in
India.( loan to be provided to
Parents/Guardians)
- Students, aged 18yrs and
above, pursuing regular courses
in any of the recognized
colleges
/institutions/universities of
India ( loan to be provided to
student with parent /Guardian as
co-borrower).
- Regular teachers of
recognized private schools.
- In case of parents/guardians
who are employees, the age on
the date of maturity of loan
should be less than the
retirement age. 65 years for all
others. This shall apply to
parents/Guardians in the
capacity of direct borrowers as
well as co-borrowers. This shall
apply to teachers of private
schools also.
- Borrowers/Co-borrowers
should have regular and adequate
income to repay the monthly loan
installments. Business
units should ensure that the
home-take salary/Income of the
Borrower/Co-Borrower after
including all deductions
including installments on
account of this loan should be
at least 40% of the Gross
monthly salary/income.*
- Since purchase of computer
is covered under our educational
loan scheme as well, finance
under this product shall not be
available to those students who
have already availed educational
loan from our bank subject to
condition that computer was
included in loan composition of
education loan facility, so
availed.
*In case of students with
parent/Guardian as co-borrower, the
income criteria shall apply to
co-borrowers only.
|
|
| |
Quantum of finance |
|
- Maximum
50,000
with 10% margin.
|
|
| |
Security |
|
- Primary:
Hypothecation of article
financed.
- Collateral:
- No Collateral security required
for Government employees drawing
salary through our Branches & where
letter of confirmation is available.
- Third Party Guarantee of one
person for all other categories.
However, business unit heads can
relax the third party guarantee
requirement in case of the following
Categories:
- Platinum Current account
holders, Gold Current Account
holders & premium plus Current
Account holders, maintaining
satisfactory accounts for at
least last 6 months.
- Cash Credit account holders
having a limit of above
5 lacs and maintaining
satisfactory account for at
least last 6 months.
- Fixed Deposit holders having
term deposits in the Business
unit equal to 100% of the loan
amount. The fixed deposit shall
be under lien to the Bank.
- Collateral Security for
Teachers (Private Schools):
Guarantee from the institution
or third party guarantee of one
person acceptable to the Bank.
|
|
| |
Processing Charges |
|
|
|
| |
Rate
of Interest |
|
|
|
| |
Repayment |
|
- 30 Equal Monthly instalments
|
|
| |
Prepayment |
|
- There shall be no penalty on
Prepayment of the loan
|
|
| |
Moratorium Period |
|
|
|
|
Establishment of
Mini Sheep Farms in Private Sector |
| |
Aims & Objectives |
|
- To enhance the productivity of
local sheep in terms of wool and
mutton production, by crossing them
with superior quality breeding rams.
- To ensure elimination of sheep
with pigmentation, coarse wool and
such other undesirable characters
through selective breeding and
rigorous culling.
- To improve the economic
condition of sheep breeders by
increasing the productivity of their
sheep, providing them subsidized
inputs and remunerative prices for
their produce.
- To provide increased
opportunities of livelihood to
small/marginal farmers, agricultural
labourers, entrepreneurs, unemployed
youth etc.
|
|
| |
Size of the Farm |
|
|
|
| |
Breeding Coverage |
|
- Two Quality Breeding rams to be
provided free of cost by Directorate
Sheep Husbandry for breeding
coverage.
|
|
| |
Rate of Interest(Subject to
Change) |
|
Click here for rate of
Interest |
|
| |
Margin from Borrowers |
|
|
|
| |
Disbursement |
|
- Term loan component of
17,200/-
plus margin amount of
37800/-
from the borrower shall be utilized
for construction of low cost shelter
and procurement of equipment as per
technical specification provided by
Directorate of sheep Husbandry.
- The cost of live stock i.e.
1,50,000/-
.shall be remitted out of the Term
Loan component directly in favour of
the supplier of live stock., after
ensuring proper end use of funds
released for shelter and equipment.
- Grazing, feeding & Vet.
Healthcare charges of
32,
800/- per unit shall be released to
the borrower in four equal quarterly
installments of 8,
200/- each. 1st installment shall be
disbursed immediately after
procurement of live stock.
|
|
| |
Tenor |
|
- 6 years including Moratorium of
one and a half year from 1st
Disbursement.
|
|
| |
Repayment Period |
|
- The Term loan facility of
2.00
lacs shall be repaid in 10 equal
half yearly installment of
20,
000/- each starting after 18 months
from 1st disbursement.
|
|
| |
Security |
|
- Hypothecation of live stock,
and other assets created.
- 3rd party guarantee of two
persons, having sufficient means to
withstand the liability.
|
|
| |
Insurance |
|
a) Live stock
Comprehensive Insurance of Live Stock.
b) Breeder (borrower)
Insurance cover to sheep breeders under
the “social Security Scheme” of Central
Wool Board which shall cover natural as
well as accidental death and also total
or partial disability @ 330/annum,
out of which the breeder shall pay 80/-
and the rest shall be contributed by
Government of India & LIC. The cover
shall be:
(Amt. in Rupees)
|
Natural Death |
60,000 |
|
Accidental death
|
1,50,000 |
|
Total Disability |
1,50,000 |
|
Partial Disability |
75,000 |
|
|
| |
Pre-payment |
|
- The borrower can pre pay the
Term loan after initial lock in
period of 3 years from the date of
disbursement. The Subsidy component
over and above the actual
utilization in such accounts shall
be returned to the Directorate of
Sheep Husbandry Via account Payee
instrument.
|
|
| |
Identification of Borrowers |
|
- Borrowers under the scheme shall
be identified & sponsored by
Concerned District Sheep Husbandry
Officer.
|
|
| |
Other
incentives from sheep Husbandry
Department. |
|
- The Department shall provide two
good quality rams free of cost to
each unit for breeding coverage.
- The department shall provide
round the year free veterinary
healthcare /aid to each Mini sheep
Farm. The medicines required for the
purpose and available with the Deptt.
Shall be provided to the unit at
subsidized rates.
|
|
| |
Processing\ upfront charges |
|
|
|
|
Contractor Finance |
| |
Nature of Facility |
|
Facility to be
extended by way of:
i) Running Account in the form of
Secured Overdraft / Cash Credit Facility
ii) Cheque Purchase Facility
iii) Bank Guarantee Facility.
|
|
| |
Purpose |
|
To facilitate the contractors for
meeting working capital requirements for
executing contracts/works allotted by
Government Departments / Undertakings,
Autonomous Bodies, Defence Departments,
etc. |
|
| |
Eligibility |
|
- Construction Contractors
approved by / registered with the
Government / Defence agencies that
are established / experienced in the
business for a minimum period of 1
year and must have successfully
executed and completed 2 to 3
contracts.
|
|
| |
Quantum of finance |
|
- Maximum Limit under this product
shall be
2.00
Crore. For limits exceeding 2.00
Crore, assessment shall be carried
out as per the norms / guidelines
laid down in the Bank’s credit
policy.
|
|
| |
Margin on Bank Guarantee |
|
|
|
| |
Security |
|
Primary: Assignment of
Receivables and hypothecation of raw
materials and consumable stores.
Note: Power of Attorney (PoA) to be
registered by the contractor in favour
of the Bank authorizing the contract
owner to release payments due to the
contractor directly through the Bank.
The PoA to be got acknowledged and
accepted by the contract owner.
Collateral:
|
|
| |
Processing Charges |
|
| |
Assessment of working capital requirements: for advance against
work orders ( in Lacs) |
| |
| A) Contracts under Execution: |
| |
Gross Contract Value |
Value of Works Completed |
Value of Works Pending for Execution |
Remaining period of Execution (No. of
Months) |
Value of Works to be Executed / Completed
per Annum* |
| |
|
|
|
(A) |
|
| |
| B) Fresh Contracts Allotted: |
| Gross Contract Value |
Period of Execution of the Contract
(No. of Months) |
Value of Works to be Executed / Completed per Annum* |
| |
|
(B) |
| |
|
|
|
| * Value of works to be executed during the next 12 months: To be
calculated as under: |
| |
| For Contracts under Execution: |
| |
Remaining period of execution /
completion of contract |
Value (%) of works pending execution
which can be considered for assessment of WC requirements |
UPTO 12 MONTHS |
100% of the value of works pending for
execution. |
ABOVE 12 MONTHS & UPTO 18 MONTHS |
66% of the value of works pending for
execution. |
ABOVE 18 MONTHS & UPTO 24 MONTHS |
50% of the value of works pending for
execution. |
ABOVE 24 MONTHS |
40% of the value of works pending for
execution. |
|
| |
| For Fresh Contracts Allotted: |
| |
Period of execution / completion of
contract |
Value (%) of works to be executed /
completed which can be considered for assessment of WC requirements |
UPTO 12 MONTHS |
100% of the value of works. |
ABOVE 12 MONTHS & UPTO 18 MONTHS |
66% of the value of works. |
ABOVE 18 MONTHS & UPTO 24 MONTHS |
50% of the value of works. |
ABOVE 24 MONTHS |
40% of the value of works. |
|
| |
| C) |
Total
Value of Works to be completed during the next 12 months: |
(A) + (B) |
| D) |
Less value of
Mobilization Advance received and outstanding |
|
| E) |
Net Value of Contracts
|
(C ) – (D) |
| F) |
Gross Working Capital
Requirement (GWC) {60% of Net Value of Contracts} |
60% of (E) |
| G) |
Margin Requirement
{25% of (F) or NWC available, whichever is higher}(Margin should be
available in the Balance Sheet) |
|
| H) |
Max Permissible Bank
Finance
|
(F) – (G) |
|
| |
|
|
| |
Processing Charges |
|
- As prescribed for working
capital facilities in the “Service
Charges Schedule.”
|
|
| |
Rate
of Interest |
|
|
|
| Top |
(Conditions Apply)
|
|
Technology
Upgradation Scheme for MSE sector |
| |
Objective |
|
To facilitate
technology Upgradation of units in MSE
sector for improving quality & quantity
of production & to bring efficiency in
the overall operations |
|
| |
Purpose |
|
- Finance under this product shall
be available for acquiring
machinery/equipment etc that
qualifies as an embodied technology
.An indicative list is as under:
a) Replacement of existing
machinery /Technology with an
upgraded one.
b) Expansion of existing unit
using new technology keeping the
original unit intact*.
c) Installation of improved
packaging technology as well as
anti-pollution measures, energy
conservation machinery, in-house
testing facilities and
computerization of office records &
management.
*Existing viable & functional units
shall be allowed to continue with
the current operations and expansion
under the scheme will be for an
additional production line.
|
|
| |
Classification |
|
- Priority Sector Advance to MSE
Sector.
|
|
| |
Definition of MSE |
|
- The definition of Micro & Small
enterprises shall be same as defined
under MSMED ACT,2006, i.e.:
(A) MANUFACTURING ENTERPRISES
(i) Micro Manufacturing Enterprises:
The investment in plant and
machinery does not exceed 25
lakhs
(ii) Small Manufacturing
Enterprises:
The invesetment in plant and
machinery is more than twenty five
lakh rupees
but does not exceed
5 crores
(B) SERVICE ENTERPRISES
(i) Micro Service Enterprises:
The investment in equipment does not
exceed
10 lakhs.
(ii) Small Service Industries:
The investment in equipment is more
than 10 lakhs but does not exceed
2 crores.
|
|
| |
Definition of Technology Upgradation |
|
- Technology upgradation would
mean a significant step up from the
present technology level to a
substantially higher one involving
improved productivity, and/or
improvement in the quality of
products/services. It would also
include installation of improved
packaging techniques as well as
anti-pollution measures and energy
conservation machinery. Further, the
units in need of introducing
facilities for in-house testing
would qualify for finance, as the
same is a case of technology
upgradation.
Replacement of existing
equipment/technology with the same
equipment/technology will not
qualify for finance under this
scheme, nor would the scheme be
applicable to units upgrading with
second hand machinery.
|
|
| |
Types of units to be covered under the
Scheme |
|
- Existing MSE units, located in
J&K State, registered with the State
Directorate of Industries. The units
must be operational for at least 3
years as on the date of application
for availing finance under this
product.
|
|
| |
Eligibility |
|
- Existing MSE Units located in
J&K State.
- The units must be registered
with Directorate of Industries or
the concerned registration
authority.
- Units may be in the form of Sole
proprietorship, partnerships,
Co-operative Societies, Private &
Public Limited Companies,etc.
- Women entrepreneurs shall be
given preference
- Sick /non functional units shall
not be eligible. Defaulters of the
Bank shall also not be eligible,
until & unless existing outstanding
liability is cleared.
- Acquisition of new
technology/machinery must not result
in change in the status of the unit
to medium sector. However, change in
status from micro to small
enterprise shall be allowed.
- Units which have availed
benefits under technology
upgradation schemes from Government
any other institution shall not be
eligible.
- Units under finance from JK Bank
shall be eligible. Units which are
not availing loan from any Bank/FI
shall also be eligible. However,
units availing finance (T.Loan
and/or W.Capital) from other
Banks/FIs shall not be eligible.
|
|
| |
Maximum Quantum of Finance |
|
- Project Finance (T.Loan) under
this product shall be made available
for:
a. Cost of new
Machinery/Technology.
b. Removal charges of old
machinery (technology) and
Installation of new machinery
(technology). However, these costs
should not exceed 15% of the total
cost of machinery/technology to be
acquired under the scheme
c. Operative/Administrative
expenses for the transition period
(Wages, Rent, taxes, etc) wherever
existing technology/machinery is
replaced with a new one. However, if
new machinery/technology is
installed as an additional line,
only normal pre-operative &
preliminary expenses shall be
included in the project cost.
d. Salvage value of existing
machinery/technology, if any, shall
be adjusted towards the margin
requirement or liquidation of
existing bank loan, if any. Existing
machinery shall be disposed of by
inviting quotations from the
interested buyers or sold off as
scrap.
e. In case the existing
machinery is to be replaced with new
one, the total finance shall also
include a component equivalent to
the outstanding bank finance
(against existing
machinery/technology), if any. This
component shall be used for
adjusting the existing bank finance
((against existing
machinery/technology).
|
|
| |
Moratorium & Repayment Schedule |
|
- Moratorium period shall be
comprised of maximum Implementation
period of 6 months & maximum
Gestation period of 6 months.
Repayment period shall not exceed 8
years including the moratorium
period.
|
|
| |
Security |
|
- Hypothecation of Machinery, etc
acquired out of Bank Finance under
this product.
- Extension of charge in case the
borrower is availing credit facility
from the Bank and has provide
collateral security in the form of
mortgage of immovable property.
- CGTMSE cover in cases where
collateral isn’t available for
existing finance or where no finance
is outstanding or has been availed
by the borrower (For loans upto
50 lacs).
- Fresh NOC from lessor (SIDCO,
etc) in case the unit is on leased
land.
- NOC from the concerned Banks/FIs
in case the borrower isn’t availing
T.Loan and /or WC facilities from
our Bank.
|
|
| |
Margin |
|
- 10 % of the upgradation cost.
|
|
| |
Insurance |
|
- Comprehensive insurance of the
new machinery with the usual bank
Clause. In case the existing
Unit/Machinery isn’t insured, same
must be insured by the borrower.
|
|
| |
Processing Charges |
|
|
|
| |
Rate of Interest |
|
- Micro Enterprises: PLR-1.25%*
- Small Enterprises: PLR-0.75%.*
- In case of enterprises where the
total exposure(T.L & WC) is above
20 lakhs, the above rates shall be
applicable for first 2 years only
after which the pricing shall be
linked to Credit Rating of the
Unit(Risk based pricing) to induce
units to acquire better ratings and
thereby to benefit from the most
attractive interest rates.
- 0.50% discount in rate of
interest shall be given to women
entrepreneurs.
*Status of unit as Micro & Small
enterprise shall be determined on
the basis of status acquired after
acquisition of new
machinery/technology.
|
|
| |
Documents Required
|
|
1. Pre-Sanction
- Application Form
- 2 Photographs of Borrower
- Comprehensive project report
detailing viability and feasibility
of the project. Among other things,
it should provide details about
economic, financial, technical,
market, & environmental
specifications.
- Documents as per KYC norms, in
case not already provided to the
concerned Business unit.
- Quotations for
machinery/technology to be acquired.
- Details regarding the existing
credit facilities availed by the
borrower from our bank, if any.
- Copies of permissions, licenses
and NOC’s from concerned agencies
required for installation of
machinery/technology and for
operating the Unit
- Board Resolution for raising of
the finance.(For Companies only)
- Copy of registered Partnership
Deed.(For Partnership Firms only)
2. Post Sanction
- D.P .Note
- Loan Agreement.
- Hypothecation Agreement.
- Affidavit of the Borrower
- Letter of Undertaking.
- Irrevocable power of Attorney of
borrower.
- Mortgage Deed (Deed of further
Charge) to be obtained in cases
where the previous loan is secured
by Mortgage of property which is
existing.
- Affidavit of the Mortgagor
(Wherever applicable)
|
|
| |
Disbursement |
|
- Directly to suppliers of
Technology/machinery. Finance on
account of Miscellaneous expenses
shall be disbursed to borrowers.
|
|
| |
Sanctioning Authority |
|
- As per existing sanctioning
power structure.
|
|
| |
Working Capital |
|
- Working capital requirement
shall be part of the detailed
project report to be submitted by
the unit holder. Acquisition of new
machinery/technology may alter the
working capital requirement of the
unit. Accordingly, the existing
working capital facility of the unit
may be reviewed/revised as per
requirement.
In case of unit holders who are not
availing any working capital
facility from the bank, the need
based requirement shall be worked
out as a separate facility.
Arrangement for working capital to
be ensured while taking up the
project for upgradation.
|
|
| |
Exceptions |
|
- Exceptions to the various
features /guidelines of the product
can be allowed on case to case basis
.The powers for the same shall be
vested with the Chairman.
|
|
| |
Other features |
|
- Eligible units which don’t avail
the above scheme shall not be
considered for benefit under any
rehabilitation scheme of the bank .
|
|
| |
Factoring of financial incentives
available under various Government
Schemes for Technology upgradation. |
|
-
Bank shall factor the financial
incentives available under the
schemes offered by various
Government agencies/institutions for
technological upgradation to
entrepreneurs availing finance under
this scheme as & when such
incentives are available to the
borrowers.
|
|
|
JK Bank Commercial
Floriculture Finance |
| |
Nature of Facility |
|
Composite Term loan |
|
| |
Objective |
|
- To provide adequate and need
based financial assistance for
commercial cultivation of Flowers.
|
|
| |
Eligibility |
|
- All individuals/entities having
registration with Dept of
Floriculture.
- Applicant/s should have at
least 1 Kanal of cultivable land (on
which the green house is to be
constructed), either in his/their
own name or on lease hold basis
(with mortgage rights) for availing
loans for construction & operation
of upto 2 green houses and at least
2 Kanals for 3 green houses. In case
of Gladiolus cultivation the
applicant/s should have at least 4
kanals of land either owned in
his/their own name or on lease basis
with mortgage rights.
- In case the land belongs to
parents/spouse, then they shall be
involved as co-borrowers.
- Applicant must have know-how of
floriculture. He must either have a
Degree/Diploma in Agriculture from a
recognized institution, or he must
have undergone training from the
Floriculture Department or some
other recognized institution like E
DI.
- Applicants having a track record
of over 3 years experience in
production and sales of flowers
shall also be eligible .They shall
be exempt from the educational/
training criteria.
- Finance for more than one Green
house or for cultivation of
Gladiolus on more than 4 Kanals of
land shall be provided only to the
floriculturists having a sound track
record of at least 4 years.
- Age of applicants should be
between 18 to 65 years.
- Applicant must be a State
Subject.
|
|
| |
Quantum of finance & Margin amount. |
|
The quantum of the
product finance and the requisite margin
money shall be as per below.
The unit cost, Margin & maximum
amount of finance shall be as
follows:
A) Finance for cultivation
under Green Houses
a) Composite loan for
cultivation of
|
|
i) Lillium |
Amt in  |
|
a) Unit Size |
20 x 80 ft |
|
b) Capital Cost for construction
of Greenhouse's |
3,50,000 |
|
c) Operative Expenses |
2,25,000 |
|
d) Total Cost |
5,75,000 |
|
e) Margin @ 20% of d. |
1,15,000 |
|
f) Total Loan Amount |
4,60,000 |
|
g) TL component
|
2,80,000 |
|
h) WCTL Component |
1,80,00 |
|
ii) Carnation |
|
|
a) Unit Size |
20 x 80 ft. |
|
b) Capital Cost for construction
of Greenhouse's |
3,50,000 |
|
c) Operative Expenses |
1,15,000 |
|
d) Total Cost |
4,65,000 |
|
e) Margin @ 20% of d. |
93,000 |
|
f) Total Loan Amount |
3,72,000 |
|
g) TL component
|
2,80,000 |
|
h) WCTL Component |
92,000 |
|
iii) Rose |
|
|
a) Unit Size |
20 x 80 ft |
|
b) Capital Cost for construction
of Greenhouse's |
3,50,000 |
|
c) Operative Expenses |
70,000 |
|
d) Total Cost |
4,20,000 |
|
e) Margin @ 20% of d. |
84,000 |
|
f) Total Loan Amount |
3,36,000 |
|
g) TL component
|
2,80,000 |
|
h) WCTL Component |
56,000 |
|
B) Finance for cultivation of
Gladiolus in Open Fields |
|
a) Unit Size (size of land) |
4 Kanals |
|
b) Capital Cost |
2,20,000 |
|
c) Operative Expenses |
3,00,000 |
|
d) Total Cost |
5,20,000 |
|
e) Margin @ 20% of d. |
1,04,000 |
|
f) Total Loan Amount |
4,16,000 |
|
g) TL component
|
1,76,000 |
|
h) WCTL Component |
2,40,000 |
- The size of Green House
used for above calculations
is of the size 20 x 80 ft.
However, branches may
finance other sizes also
.The cost, finance etc
involved in such cases must
be calculated
proportionately.
- The Term Loan & WCTL
indicated in case of
Gladiolus is for a unit size
of 4 Kanals of land.
However, branches may allow
other sizes, subject to a
minimum of 4 Kanals of land
and maximum of 12 Kanals of
land.
- Margin amount is to be
paid upfront in proportion
to the amount disbursed.
|
This amount has been calculated for 1
Green house in case of flowers grown in
Green houses, and for 4 Kanals of land
in case of Gladiolus which is grown in
open fields. The cost of Green house has
been calculated for a standard size of
80 x 20 ft.; for different sizes the
cost should be calculated on pro rata
basis. Similarly, a common Green house
has been used for calculating the
finance amount. In case, the borrower
wants finance for hi-tech ones, the cost
amount over and above the one used for
common green house has to be contributed
by the borrower.
Maximum finance
for upto 3 Green houses can be provided,
subject to a maximum of 15
lacs. In case of Gladiolus the maximum
finance shall be for 12 kanals of land
holding subject to the ceiling of
15 lacs. Proposals for higher finance
shall be treated as project finance and
subjected to normal assessment as is
done in case of other cases in that
category.
|
|
| |
Security |
|
- Security to be obtained :
Upto
5 lacs 1) Hypothecation of
the stocks &Assets created.
2) Third Party Guarantee of Two
person
Above
5 lacs to
15 lacs
1) Hypothecation of the stocks
& Asset created
2) Mortgage of immovable property,
preferably the land on which the
activity is undertaken, having value
at least equivalent to 100% of the
sanctioned amount. Security of
additional immovable property should
be taken in case the value of land
is less than the sanctioned amount.
|
|
| |
Moratorium Period |
|
- The moratorium period shall be 6
months.
|
|
| |
Repayment of Loan |
|
- At the end of moratorium period,
the outstanding loan amount
inclusive of interest during
moratorium is to be repaid in 9
equal half-yearly installments.
Maximum repayment period shall be
5.0 years inclusive of moratorium.
|
|
| |
Processing Charges |
|
- 0.5% of the loan amount
sanctioned subject to a maximum of
3,000.
|
|
| |
Rate of Interest |
|
|
|
| Top |
(Conditions Apply)
|
|
Seed Capital Fund
Scheme under “Sher-e –Kashmir Employment
and Welfare Programme for the Youth (SKEWPY)”
of Government of Jammu & Kashmir. |
|
|
| |
Objective |
|
- To provide finance to eligible
candidates sponsored by JKEDI under
the Seed Capital Fund Scheme of
Government of Jammu & Kashmir.
|
|
| |
Purpose |
|
- Finance under this product shall
be available to trained and
registered first generation
entrepreneurs sponsored by the JKEDI
under the Seed Capital Scheme to
start environment-friendly ventures
relating to certain core areas of
the state economy which inter-alia
shall include:
i) Horticulture,
floriculture, cultivation of
medicinal and aromatic plants;
ii) food-processing at the
household/village level;
iii) establishment of
facilities for storage of food
products/horticulture products:
particularly cold chains;
iv) handloom, handicrafts and
other artisanal products:
particularly design improvement,
technology-transfer and marketing;
v) ventures in poultry,
sheep-breeding and production,
collection, storage and marketing of
milk: aimed at import substitution;
vi) setting up of computer
literacy/training institutes in
villages/habitations particularly
with a population of less than 3000
souls;
vii) setting up of Fair Price
Shops at small habitations across
the State;
viii) Health services
unit/dental care units set up by
doctors;
ix) Pathological labs
including diagnostic facilities set
up by doctors/trained professionals;
x) Services industry units
engaged in maintenance ,repairing,
testing of both electrical and
electronic equipments/ instruments,
services of all types of vehicles
and machinery including TV’s,
Radio’s, transformers, motors, etc
set up by technically qualified
persons such as Engineers or trained
entrepreneurs;
xi) Servicing and supply of
components/parts of agricultural
farm equipments/machinery items such
as tractors, pumps, boring machines
,etc, set up by Engineers or
technically trained entrepreneurs.
xii) Tailoring and boutique
units set up by educated and trained
entrepreneurs;
xiii) Tourism-related
enterprises covering houseboat
owners, setting up of Paying Guest
facilities, small dhabas and
restaurants with a capacity of 20
seats.
xiv) All the above activities
as approved by JKEDI or any other
economically viable activity as may
be approved by JKEDI;
|
|
| |
Classification |
|
|
|
| |
Eligibility |
|
- The following shall be eligible
under the Scheme:-
(a) A state subject in the
age group of 18 to 37 years having a
qualification of 10+2 or above who
is unemployed;
(b) There will be no income
ceiling for coverage under the
scheme;
(c) The beneficiaries must be
registered with the concerned
District Employment and Counseling
Centre. They can also be registered
with other departments and
institutions like DICs etc. wherever
required so as to take advantage of
the benefits which may accrue
through such registrations. The
JKEDI shall facilitate this during
the course of training under
Entrepreneurship Development
Programme;
(d) Any person or any,
existing units and the units which
have already availed of any
incentive or subsidy under any
scheme of the Government of India or
the State Government shall not be
eligible for assistance under the
scheme;
(e) No institution, corporate
body, society or an NGO shall be
eligible for assistance under the
scheme.
|
|
| |
Funding Pattern |
|
- a)SEED CAPITAL:
Seed Capital for different
categories of borrowers shall be as
under:
I). Individuals
Under Graduates/Graduates: 35% of
the project cost subject to a
maximum of
3 lacs.
Post Graduates: 35% of the project
cost subject to a maximum of
5 lacs.
Technically Qualified persons*: 35%
of the project cost subject to a
maximum of
7.5 lacs.
In Individual Cases where costlier
technologies are involved, the upper
limit shall be
10.00 lacs**.
II). Groups
35% of the project cost subject
to a maximum of 10
lacs.
* Technically Qualified Persons
shall include Engineers, Doctors,
Computer Science& Technology
Graduates, MBAs, etc.
** The Screening Committee shall
decide as to which case falls in
this category.
- Bank Loan:
65% of the project Cost .In
cases where the bank finance is
secured by CGTMSE Cover, the maximum
ceiling on Bank Finance shall be
25 lacs. However, if the loan amount
is secured by collateral security of
immovable property, there shall be
no ceiling on the amount of Bank
finance.
- c) Borrowers Contribution:
Normally, the borrower shall not
be required to contribute any margin
money. However, in cases, where the
project outlay exceeds the Seed
Capital requirement and the Bank
Loan, the entrepreneur/s shall
induct the deficit amount from his
own sources
- d) Interest during
moratorium:
Interest during moratorium shall
be capitalized and shall form part
of the total project cost.
- e) Project cost comprises of
Capital Cost as well as the entire
working capital requirement.
|
|
| |
Moratorium Period |
|
|
|
| |
Maximum Repayment Period. |
|
The maximum repayment period for
different categories of borrowers shall
be as under:
Individual Undergraduates 5 Years
Graduates
6 Years
Group
7 Years
The repayment period shall be
exclusive of the applicable moratorium
period. For categories where
sophisticated equipment is needed, the
repayment period shall be 8 years after
the applicable moratorium period.
|
|
| |
Security |
|
- Primary Security:
Hypothecation of assets created
out of Bank Finance.
- Collateral Security:
a. For MSE Units where Bank
Finance is up to
25 lacs
Guarantee cover under Credit
Guarantee Scheme of CGFTMSE.
b. For MSE Units where Bank
Finance is above
25 lacs / Units not covered under
MSE
Mortgage of unencumbered immovable
property having value not less than
100% of the Loan amount.
C. For units not covered under MSE
Bank Loan upto 5.00 lacs * |
Third party guarantee of two Persons with sufficient means |
Bank Loan above 5.00 lacs: |
Mortgage of unencumbered immovable property having value not less than 100% of Loan amount |
*However under Agriculture and allied activities, loans upto 1.00 lacs shall be sanctioned against personal guarantee of the borrower without any collateral / 3rd party guarantee. |
|
|
| |
Insurance |
|
- Comprehensive insurance of
assets created out of Bank finance
with the usual bank Clause.
|
|
| |
Processing Charges |
|
|
|
| |
Rate of Interest |
|
|
|
| |
Disbursement |
|
- Disbursement of Bank Loan shall
be subject to receipt of full Seed
Capital which shall be kept in a
linked current account to be opened
in the name of the borrower.
- Finance including seed capital
and margin, if any, shall be
disbursed to borrowers in the manner
as phased out in DPR.
- Working Capital component of the
Project cost shall be made available
as a running facility(Cash Credit).
- Finance for acquiring of
Technology /machinery, etc shall be
made directly to suppliers of goods.
- Amount earmarked for interest to
be released as applicable for
servicing of interest during
moratorium.
|
|
| Top |
(Conditions Apply)
|
|
JKBank Scooty
Finance for Girls/ Ladies. |
|
|
| |
Purpose |
|
- For purchase of new Scooties,
etc. (Any make or model). The
product shall be primarily targeted
at girl students and working ladies.
|
|
| |
Nature of Finance |
|
|
|
| |
Eligibility |
|
- a) Working ladies with
regular & adequate source of income
to repay the monthly installments.
These shall include regular
employees of Government/
Semi-Government Undertakings,
Autonomous bodies, Public Sector
Undertakings, Private Companies or
Reputed Establishments,
Professionals or self employed
individuals & Businesswomen.
b) Girls/ladies who are
either still studying/ don’t have
regular or documented source of
income/ do not belong to (a).
Finance shall be provided in their
name with parent/ Guardian /Spouse
as co-borrower.
c) The borrower should be an
Indian citizen.
d) Borrower/s should have
attained the age of 18 years.
However, in case the applicant is
below 18 years of age but above 16
years, finance can be provided with
parent/Guardian as co-borrower
provided the scooty to be purchased
is not more than 50cc(As allowed
under Motor Vehicle Act,1989) and
possesses valid driving license as
allowed under the Act. However, an
acknowledgement of debt is to be
obtained from the minor on her
attaining the age of majority.
e) Co- borrower should have
regular and adequate income to repay
the monthly loan installments.
f) Maximum age of
borrower/co-borrower at loan
maturity: 58 years or age of
retirement, whichever is higher for
employees & 65 years for others.
g) Minimum employment: The
applicant must have been in current
employment for a period not less
than 1 year or must have a business
standing of at least 2 years.
h) The borrower should have
valid driving license.
|
|
| |
Maximum Quantum of Finance |
|
- 85% of cost of the Scooty
subject to a maximum of
50,000/=. In case the requirement is
more than the maximum finance
amount, the borrower must bring that
amount as additional margin.
- The net monthly home take
income/salary of the borrowers after
including the installment amount on
this loan should not be less than
40% of the gross monthly
income/salary. In case of (Girls/ladies
who are either still studying/ don’t
have regular or documented source of
income/ do not belong to
Eligibility (a).
Finance shall be provided in their
name with parent/ Guardian /Spouse
as co-borrower.), the 40% net
home take salary principle shall
apply to co-borrowers.
|
|
| |
Minimum Margin |
|
|
|
| |
Repayment |
|
- Maximum of 60 months. However, a
borrower can opt for any tenure
within the maximum ceiling. To
reduce the necessity of the
borrowers to visit branch for
repayment of installments, branches
should encourage SIM instructions
from the operative accounts of
borrower/co borrowers.
|
|
| |
Security |
|
- Primary:
Hypothecation of Scooty.
- Collateral:
• No third party guarantee
required in respect of permanent
employees of
Government/Semi-Government
Undertakings, Autonomous bodies,
Public Sector Undertakings drawing
salary through our Bank & where
letter of undertaking from employer
is available. Guarantee of one
person shall, however, be required
if letter of confirmation from
employer is not available.
• Guarantee of one person required
for employees of Private Companies
or Reputed
Establishments/Institutions & for
Professionals or self employed
individuals & Businesswomen.
• Guarantee of co-borrower in case
of categories mentioned (Girls/ladies
who are either still studying/ don’t
have regular or documented source of
income/ do not belong to
Eligibility (a).
Finance shall be provided in their
name with parent/ Guardian /Spouse
as co-borrower.)
|
|
| |
Rate of Interest |
|
|
|
| |
Insurance |
|
- Comprehensive insurance of the
vehicle against all types of risks
with usual bank clause and policy to
be drawn in the joint names of the
borrower and the bank
|
|
| |
Prepayment |
|
- Prepayment shall be allowed
without any pre-payment charges.
|
|
| Top |
(Conditions Apply)
|
|
Financial
Product for
Exporters/Traders/Manufacturers (Outside
Tripartite Agreement) |
|
|
| |
Name of the Product |
|
- J&K Bank Handicrafts Sustenance
Finance (Outside Tripartite
Agreement)
|
|
| |
Nature of Facility |
|
- Working Capital Term Loan
|
|
| |
Objective |
|
- The objective of the product is
to enable the
Exporters/Traders/Manufacturers
(Outside Tripartite Agreement)
associated with the industry to
overcome the difficulties on account
of Global Recession. The finance
shall be a one time facility and can
be applied for up to September 2009
only. The facility shall be over &
above the existing limits, if any,
being availed by the borrowers.
|
|
| |
Definition of various Tiers |
|
- Exporters: Those only
involved in overseas exports of
handicrafts items.
- Manufacturers: Those
involved in manufacturing
handicrafts in one or more
workshops.
- Traders (National):Those
who are not manufacturers but trade
across states
- Traders (Local): Those
who are not manufacturers but
restrict their trading activity
within J&K state.
- Retailer (Shop Owners):
Those having own retail shops/
Showrooms within India. They can be
manufacturers/traders also
|
|
| |
Eligibility |
|
- All Handicrafts Exporters,
Traders, Retailers and Manufacturers
availing Cash Credit facility from
our bank.
- The accounts must be running
satisfactorily.
- Manufacturers registered with
Department of Handicrafts, J&K state
and not having any business
relationship with us or with any
other financial institution shall
also be eligible.
|
|
| |
Max.
Quantum of Finance |
|
Maximum amount of finance shall be as
follows:
|
|
| |
Moratorium & Repayment Schedule |
|
- For Exporters/ Traders
(National):
To be repaid in 8 Equal
Quarterly Installments after a
period of 12 Months from the date of
initial disbursement. However, the
borrowers shall be required to serve
the interest during the initial 12
months also.
- For Others:
The loan amount is to be repaid
in 8 Equal Quarterly Installments
after a period of 18 Months from the
date of initial disbursement..
However, the borrowers shall be
required to serve the interest
during the initial 18 months also.
|
|
| |
Security |
|
- Primary Security:
Hypothecation of stocks & book
debts.
- Collateral: Mortgage of
unencumbered immovable property(The
condition of providing unencumbered
tangible collateral security stands
relaxed for all such cases where
tangible collateral security already
provided in the existing loan
facility is of sufficient value to
cover the WCTL as well. Accordingly,
existing tangible security provided
by borrowers for securing existing
facilities shall be acceptable as
collateral for securing WCTL
facility. However, the valuation of
the security must be valid and
applicable as per the extant
guidelines or else fresh valuation
should be sought from the
prospective borrower) equivalent
to:
| 1. |
Exporter |
110% of the WCTL (If it falls outside ECGC
cover)..
70 %( if it falls under ECGC cover). |
| 2. |
Trader (National). |
110% of the WCTL. |
| 3. |
Trader ( Local) |
100% of the WCTL. |
| 4. |
Retailer, Show room/Shop owner |
100% of the WCTL. |
| 5. |
Manufacturers |
75% of the WCTL. |
However, upto & including
5 lacs, borrowers shall provide
collateral security in the form of Third
Party Guarantee of two persons only.
Mortgage shall be applicable for WCTL
above
5 lacs.
|
|
| |
Margin |
|
1. |
Exporter |
20%. |
2. |
Trader (National). |
20%. |
3. |
Trader ( Local) |
10%. |
4. |
Retailer, Show room/Shop owner |
25% |
5. |
Manufacturers |
5%. |
*For manufacturers who shall be provided
75% as WCTL & 25% AS C/C AS C/C limit:
5% for both.
|
|
| |
Insurance |
|
- The stocks in trade/stocks in
transit & the mortgaged property
must be comprehensively insured
against all risks for its value with
the usual bank clause at party’s
cost.
|
|
| |
Processing Charges |
|
- 0.10% of the loan amount subject
to a maximum of
1000/-
|
|
| |
Monitoring |
|
- Each borrower shall necessarily
submit a list of Manufacturers/
Craftsmen/Suppliers/Buyers/Exporters,
etc as applicable on quarterly basis
which shall be verified by branches
through inspections.
|
|
| |
Prepayment of WCTL |
|
- Prepayment of WCTL, entire
outstanding amount, shall be
allowed. Partial prepayment shall
not be allowed.
For Exporters/Traders(National):
There shall be an incentive of
0.50% on the amount prepaid if
prepayment is within 24 Months from
the date of first disbursement &
0.25% on the amount paid if
prepayment is within 30 Months from
the date of first disbursement.
For Others: There shall be an
incentive of 0.50% on the amount
prepaid if prepayment is within 2
years from the date of first
disbursement & 0.25% on the amount
paid if prepayment is within 3 yrs
from the date of first disbursement.
|
|
| |
Exports/Deemed Exports |
|
- Exporters furnishing evidence
of exports through export orders or
related items shall be eligible for
availing the finance at concessional
rates applicable to exports
- Traders (National): Supply to
exporters based on export orders
shall be considered as deemed
exports and, therefore, eligible for
concessional interest rates
applicable to exports.
|
|
| |
Rate of Interest |
|
|
|
| Top |
(Conditions Apply)
|
|
Financial
Product for
Exporters/Traders/Manufacturers (Under
Tripartite Agreement) |
|
|
| |
Name of the Product |
|
- J&K Bank Handicrafts Sustenance
Finance (Under Tripartite
Agreement)
|
|
| |
Name of the Facility |
|
- Working Capital Term Loan
|
|
| |
Objective |
|
- The objective of the product is
to enable the
Exporters/Traders/Manufacturers
(Under Tripartite Agreement)
associated with the industry to
overcome the difficulties on account
of Global Recession. The finance
shall be a one time facility and can
be applied for up to September 2009
only. The facility shall be over &
above the existing limits, if any,
being availed by the borrowers.
|
|
| |
Definition of various Tiers |
|
- Exporters: Those only
involved in overseas exports of
handicrafts items.
- Manufacturers: Those
involved in manufacturing
handicrafts in one or more
workshops.
- Traders (National):Those
who are not manufacturers but trade
across states
- Traders (Local): Those
who are not manufacturers but
restrict their trading activity
within J&K state.
- Retailer (Shop Owners):
Those having own retail shops/
Showrooms within India. They can be
Traders/Manufacturers also
|
|
| |
Eligibility |
|
- All Handicrafts Exporters,
Traders, Retailers and Manufacturers
availing Cash Credit facility from
our bank.
- The accounts must be running
satisfactorily.
- Manufacturers registered with
Department of Handicrafts, J&K state
and not having any business
relationship with us or with any
other financial institution shall
also be eligible.
|
|
| |
Max.
Quantum of Finance |
|
Maximum amount of finance shall be as
follows:
|
|
| |
Moratorium & Repayment Schedule |
|
- The loan amount is to be repaid
in 8 Equal Quarterly Installments
after a period of 18 Months from the
date of initial disbursement.
However, the borrowers shall be
required to serve the interest
during the initial 18 months also.
|
|
| |
Security |
|
- Primary Security:
Hypothecation of stocks & book
debts.
- Collateral: Mortgage of
unencumbered immovable property(The
condition of providing unencumbered
tangible collateral security stands
relaxed for all such cases where
tangible collateral security already
provided in the existing loan
facility is of sufficient value to
cover the WCTL as well. Accordingly,
existing tangible security provided
by borrowers for securing existing
facilities shall be acceptable as
collateral for securing WCTL
facility. However, the valuation of
the security must be valid and
applicable as per the extant
guidelines or else fresh valuation
should be sought from the
prospective borrower) equivalent
to:
| 1. |
Exporter(including deemed exports) |
110% of the WCTL( if it falls outside ECGC
Cover).
70% ( if it falls under ECGC Cover) |
| 2. |
Trader (National). |
110% of the WCTL. |
| 3. |
Trader ( Local) |
100% of the WCTL. |
| 4. |
Retailer, Show room/Shop owner |
100% of the WCTL. |
| 5. |
Manufacturers |
75% of the WCTL. |
However, upto & including
5 lacs, borrowers shall provide
collateral security in the form of Third
Party Guarantee of two persons only.
Mortgage shall be applicable for WCTL
above
5 lacs.
|
|
| |
Margin |
|
1. |
Exporter |
20%. |
2. |
Trader (National). |
20%. |
3. |
Trader ( Local) |
10%. |
4. |
Retailer, Show room/Shop owner |
25% |
5. |
Manufacturers* |
5%. |
*For manufacturers who shall be provided
75% as WCTL & 25% as C/C limit:
5% for both.
|
|
| |
Insurance |
|
- The stocks in trade/stocks in
transit & the mortgaged property
must be comprehensively insured
against all risks for its value with
the usual bank clause at party’s
cost.
|
|
| |
Prepayment of WCTL |
|
- Prepayment of WCTL, entire
outstanding amount, shall be
allowed. Partial prepayment shall
not be allowed. There shall be an
incentive of 0.50% on the amount
prepaid if prepayment is within 2
years from the date of first
disbursement & 0.25% on the amount
paid if prepayment is within 3 yrs
from the date of first disbursement.
|
|
| |
Processing Charges |
|
- 0.10% of the loan amount subject
to a maximum of
1000/-
|
|
| |
Rate of Interest |
|
|
|
| Top |
(Conditions Apply)
|
|
JK Bank
Craftsmen Livelihood Finance |
|
|
| |
Name of the Product |
|
JK Bank Craftsmen Livelihood Finance |
|
| |
Nature of Facility: |
|
Cash Credit facility |
|
| |
Objective |
|
- To provide adequate and timely
credit for comprehensive
requirements of Artisans &
Craftsmen, etc. The facility,
however, shall be provided to those
Craftsmen only who are part of the
trilateral agreement between the
Bank,
Exporters/Traders/Manufacturers and
the Craftsmen.
|
|
| |
Eligibility |
|
- All Artisans, Craftsmen and
other people aged 18 to 60 years,
associated with below-mentioned
activities:
• Carpet Weaving
• Shawl Embroidery
• Kani Shawl Weaving.
• Chain Stitch
• Crewel Embroidery
• Wood Carving
• Paper Machie
|
|
| |
Max.
Quantum of Finance |
|
The Quantum of finance, and the
Repayment Schedule for each of these
activities shall be as follows:
Activity |
Unit |
Size (ft),
Knots /
sq. inch** |
Type of
Facility |
Working
cycle |
Max. Limit
Amt in 000’s* |
Carpet Weaving |
1 Loom
3 Weavers |
9 X 6,
40 X 40 |
Working
Capital |
15 Months |
300 |
1 Loom
3 Weavers |
9 X 6,
30 X 30 |
Working
Capital |
12 Months |
175 |
1 Loom
3 Weavers |
9 X 6,
24 X 24 |
Working
Capital |
9 Months |
115 |
1 Loom
3 Weavers |
9 X 6,
18 X 18 |
|
|
|
Working
Capital |
6 Months |
75 |
Kani Shawl
Pashmina |
1 Loom
2 Weavers |
42x81
inches |
Working
Capital |
6 Months |
60 |
Shawl
Embroidery |
1 Artisan |
42x81
inches |
Working
Capital |
6 Months |
60 |
Chain stitch |
4 Artisan |
2100 Sft. |
Working Capital |
6 Months |
70 |
Crewel |
4 Artisan |
1440 m |
Working Capital |
6 Months |
100 |
Wood carving |
1 Artisan |
Big
items |
Working Capital |
6 Months |
100 |
2 Artisans |
Small
Items |
Working Capital |
6 Months |
100 |
Paper Machie |
3 Artisan |
Big &
Small Items |
Working Capital |
6 Months |
100 |
|
| |
|
|
**The sizes/Knots prescribed above
are standard sizes. However, Branches
can finance other size/knots also. The
WC period and maximum amount of finance
in these cases must be calculated in
reference to the standard sizes. The WC
Period and Max. Quantum of finance
(including capitalized interest) in all
cases shall, however, be subject to an
upper ceiling as prescribed for 9X6 ft,
40X40 Knots carpet. |
|
| |
Security |
|
Hypothecation of Raw Material, SIP / FG
& Receivables
&
Cover under Credit Guarantee Fund Scheme
of CGTMSE
|
|
| |
Insurance |
|
- Comprehensive insurance of hypothecated
assets.
|
|
| |
CGTMSE Cover: |
|
- Upfront Guarantee fee 1.00%,
Annual Service Fee 0.50%. The
upfront and service fee shall be
borne by Ministry of Textiles,
Government of India in case of
craftsmen having Artisan Card of
Dir. Handicrafts, J&K State.
However, craftsmen who don’t possess
Artisan Card shall have to bear both
the fee themselves.
|
|
| |
Rate of Interest |
|
|
|
| Top |
(Conditions Apply)
|
|
Scheme for
Establishment of Mini Sheep Farms in
Private Sector |
|
|
| |
Aims & Objectives |
|
- To enhance the productivity of
local sheep in terms of wool and
mutton production, by crossing them
with superior quality breeding rams.
- To ensure elimination of sheep
with pigmentation, coarse wool and
such other undesirable characters
through selective breeding and
rigorous culling.
- To improve the economic
condition of sheep breeders by
increasing the productivity of their
sheep, providing them subsidized
inputs and remunerative prices for
their produce.
- To provide increased
opportunities of livelihood to
small/marginal farmers, agricultural
labourers, entrepreneurs, unemployed
youth etc.
|
|
| |
Size of the Farm |
|
|
|
| |
Unit
Cost |
|
| |
Fixed cost |
Amt. in
 |
i. |
Cost of 50 crossbred ewes
1-1/2 -2 years of age @ .3000/-
per ewe |
150000 |
ii. |
Cost of other infrastructure
a. Low Cost Shed
b. Equipments |
50,000
5,000 |
| |
Total Fixed Cost |
205,000 |
Recurring Cost (1st
year) |
|
| |
Grazing charges@
.50/-
Per sheep |
2500 |
| |
- Feeding Expenses
|
27700 |
| |
- Veterinary Healthcare
|
2600 |
| |
Total Recurring Cost (1st Year) |
32800 |
Total Unit Cost (A) |
2,37,800 |
Funding Pattern |
|
a. |
Term Loan |
2,00,000 |
b. |
Borrowers Contribution |
37,800 |
| |
Total |
2,37,800 |
|
|
| |
Margin from Borrowers |
|
|
|
| |
Disbursement |
|
- Term loan component of
17,200/- plus margin amount of
37800/- from the borrower shall be
utilized for construction of low
cost shelter and procurement of
equipment as per technical
specification provided by
Directorate of sheep Husbandry.
- The cost of live stock i.e.
1,50,000/- .shall be remitted out of
the Term Loan component directly in
favour of the supplier of live
stock., after ensuring proper end
use of funds released for shelter
and equipment.
- Grazing, feeding & Vet.
Healthcare charges of
32, 800/- per unit shall be released
to the borrower in four equal
quarterly installments of
8, 200/- each. 1st installment shall
be disbursed immediately after
procurement of live stock.
|
|
| |
Tenor |
|
- 6 years including Moratorium of
one and a half year from 1st
Disbursement.
|
|
| |
Repayment Period |
|
- The Term loan facility of
2.00 lacs shall be repaid in 10
equal half yearly installment of
20, 000/- each starting after 18
months from 1st disbursement.
|
|
| |
Security |
|
- Hypothecation of live stock,
and other assets created.
- 3rd party guarantee of two
persons, having sufficient means to
withstand the liability.
|
|
| |
Identification of Borrowers |
|
- Borrowers under the scheme shall
be identified & sponsored by
Concerned District Sheep Husbandry
Officer.
|
|
| |
Other
incentives from sheep Husbandry
Department |
|
- The Department shall provide
two good quality rams free of cost
to each unit for breeding coverage.
- The department shall provide
round the year free veterinary
healthcare /aid to each Mini sheep
Farm. The medicines required for the
purpose and available with the Deptt.
Shall be provided to the unit at
subsidized rates
|
|
| |
Processing\ upfront charges |
|
|
|
| |
Rate of Interest |
|
|
|
| Top |
(Conditions Apply)
|
|
JK Bank
Construction Equipment Finance |
|
|
| |
Purpose |
|
- Provide hassle free and timely
finance for purchase of construction
equipments including Backhoe
loaders, Excavators, wheel loaders,
Compactors, Cranes , Skid Steers ,
Telehandlers etc
|
|
| |
Eligibility |
|
- Individuals/Firms/Companies
engaged in construction activities.
|
|
| |
Maximum Amount |
|
- 75% of the Invoice Value subject
to maximum of
100.00 lakhs per borrower for
financing of more than one number of
construction equipment.
|
|
| |
Nature of Facility |
|
|
|
| |
Margin |
|
- Minimum 25 % of Invoice Value.
|
|
| |
Moratorium |
|
- 3 months from the date of first
disbursement.
|
|
| |
Repayment Period |
|
- Term loan shall be paid in 60
Equated Monthly Installments (EMIs)
after moratorium period of 3 months
from the date of disbursement.
|
|
| |
Security |
|
- Primary
Hypothecation of construction
equipment to be purchased
- Collateral
a. Upto
25.00 lakhs
To be covered under guarantee cover
of CGTMSE in accordance with the
procedure prescribed or against 3rd
party guarantee of 2 persons of
sound means based on the option
exercised by the borrower.
b. Above
25.00 lakhs
Mortgage of immovable property of
value equal to or at least 50% of
the loan amount.
|
|
| |
Prepayment |
|
- Prepayment may be allowed
without any prepayment charges.
|
|
| |
Processing Charges |
|
- 0.50% of the loan amount
subject to a maximum of
25000/-
|
|
| |
Insurance |
|
- The equipment financed shall be
insured with comprehensive insurance
cover and usual bank clause at the
costs and expenses of the borrower.
The insurance policy shall be
renewed at yearly intervals till
final adjustment of the loan.
|
|
| |
Rate of Interest |
|
|
|
| Top |
(Conditions Apply)
|
|
JK Bank Solar Lighting & photo voltaic Finance |
|
|
| |
Purpose |
|
- For purchase & installation of
Off-Grid Solar Photo –Voltaic
systems (Lighting) from eligible
suppliers
- Loan facility shall be available
for purchase of any one of the
photo-voltaic models indicated in
Annexure-I.
|
|
| |
Classification |
|
|
|
| |
Eligibility |
|
- a) Domestic Users
Confirmed Employees of:
Government/Semi-Government
Undertakings, Autonomous bodies
&Public Sector Undertakings.
Permanent employees of Private
Companies or Reputed Establishments
with minimum 2 years association
with the current employer.
Professionals or self employed
individuals / Businessmen with
minimum standing of 2 years.
b) Industrial/Commercial Users:
Industries, Reputed Establishments,
Partnership Firms, Hotels,
restaurants etc with minimum
standing of 2 years and maintaining
business accounts with the Bank.
c) Rural Households having
adequate income from farm & non-farm
activities.
d) The unit could be located both in
Urban and rural areas.
e) Only pre-approved models
(Annexure-I) shall be financed.
|
|
| |
Maximum Loan Amount |
|
- Individuals:
12 times net monthly
salary/income subject to the maximum
for the concerned model as indicated
in Annexure-I
Institutional users and
Industrial/Commercial Users:
Average Annual Cash Accrual (i.e.
PAT+Dep.) as per last 2 years
financials subject to a maximum for
the concerned model as indicated in
Annexure-I.
Rural Households:
Maximum of 2 times net annual income
as certified as certified by
concerned Sarpanch.
|
|
| |
Repayment Period |
|
- Maximum of 5 years in EMI’s with
no moratorium period. There shall be
a minimum lock- in period of 3
years, i.e. full adjustment of loan
before completion of 3 years shall
not be allowed
|
|
| |
Margin |
|
- Minimum 25 % of Invoice Value.
|
|
| |
Security |
|
- Primary
Hypothecation of photovoltaic assets
installed.
Collateral
No third party guarantee required in
respect of permanent employees of
Government/Semi-Government
Undertakings, Autonomous bodies,
Public Sector Undertakings drawing
salary through our Bank & where
letter of confirmation from employer
for deduction of monthly
installments is available. Letter of
confirmation shall not be required
for loans upto Rs 15,000.
For Others:
Third Party Guarantee of one
person
|
|
| |
Repayment of refinance |
|
- The refinance availed as per the
eligibility by the banks will be
repayable in suitable installments
not exceeding 5 years.
|
|
| |
Rate of Interest |
|
|
|
| |
Annexure-I |
|
|
|
| Top |
(Conditions Apply)
|