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Old December 4th, 2017, 01:40 PM
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Educhamp
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Join Date: May 2011
Default Re: Information About Jammu And Kashmir Bank

As you Asking for the Information About the J&K Bank Karobar Card the Information is given below

Karobar Card

Credit facility extended under the scheme would include both working capital and term loan requirements of entrepreneurs. The credit limit shall be fixed based on the assessment of working capital requirements as well as cost of tools / equipment and other fixed assets required for carrying out the activity.

Eligibility Criteria

Individuals engaged in the entrepreneurial activity in the non-farm sector, which is eligible for classification under the priority sector guidelines
The borrowers should not have been loan defaulter at any bank/ branch.

Margin
No margin is required for loans upto 50000/.
10% for limits above 50000. and upto 1.00 lac.

Rate of interest
Existing Revised
Domestic/NRO/ NRE Rupee Savings Bank Deposits 4.00% 3.50%


For more Details you may Visit the Nearest branch of the jammu And Kashmir bank
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