THE JAMMU & KASHMIR BANK LTD.

SSI Charter

Quick and Hassle Free Financial Assistance to Small Scale Industry

  • Specialised branches for SSI financing
  • No Collateral Security for advances upto Rs. 5.00 lac
  • Composite Loans sanctioned upto Rs. 25.00 lac
  • Working Capital Disbursals as per Nayak Committee Norms
  • Receipt of Loan applications duly acknowledged.

    Time Bound Disposal

    Rate of Interest (Per Annum) *

    Upto Rs. 1.00 Lac

    2 weeks

    Upto and inclusive of Rs. 25,000

    11.00%

    Rs. 1.00 Lac to Rs. 5.00 Lac

    4 weeks

    Over Rs. 25,000 and upto Rs. 2.00 Lac

    11.50%

    Over Rs. 5.00 Lac

    8 weeks

    Over Rs. 2.00 Lac

    12.50%

         MARGIN Promoter's Share

     

     

    Upto Rs. 25,000

    Nil

    upto and inclusive of
    Rs. 10.00 Lac
    Over Rs. 10.00 Lac



    as per Credit rating
    parameters of the Bank
    *With monthly rests and subject to change

    Over Rs. 25,000 to Rs. 1.00 Lac

    20%

     


     

    Over Rs. 1.00 Lac

    25%

     


     

Special concessions for Women Entrepreneurs

Margin reduction by 5%
Interest reduction by 0.5% for loans above Rs. 1.00 lac

For further details, please contact any branch of the Bank