easy loan scheme for individuals who want to pursue skill development courses such as ITI
Skill Loan Scheme
Jammu Kashmir Bank Is a Leading Private Bank of Jammu & Kashmir state and is owned by Jammu And Kashmir Government with 53% share.
Jammu and Kashmir Bank is established in 1938 with its headquarters in Srinagar. All most all departments of Jammu and Kashmir government draw their salaries from Jammu and Kashmir Bank.
JK Bank provides world-class facilities to their account holders such as Internet Banking, Mobile Banking, Debit Cards, Credit Cards, SMS Alerts, CTS Cheque Books, Electronic Passbooks, Email Statements, and Mobile apps etc.
JK Bank is the prime lender of Jammu And Kashmir State.
JK Bank launched numerous finance schemes in order to cater the needs of various sections of society. One of them is the Skill Loan Scheme. The details of this scheme are given below:
Jammu and Kashmir Bank is established in 1938 with its headquarters in Srinagar. All most all departments of Jammu and Kashmir government draw their salaries from Jammu and Kashmir Bank.
JK Bank provides world-class facilities to their account holders such as Internet Banking, Mobile Banking, Debit Cards, Credit Cards, SMS Alerts, CTS Cheque Books, Electronic Passbooks, Email Statements, and Mobile apps etc.
JK Bank is the prime lender of Jammu And Kashmir State.
JK Bank launched numerous finance schemes in order to cater the needs of various sections of society. One of them is the Skill Loan Scheme. The details of this scheme are given below:
About Skill Loan Scheme
To provide loan facility to individuals who are interested to take up skill development courses
Individuals securing admission in a course run by Industrial Training Institutes (ITIs), Polytechnics or in a school recognized by Central/State Education Boards or in a college affiliated to the recognized university, training partners affiliated to National Skill Development Corporation (NSDC)/Sector Skill Councils, State Skill Mission, State Skill Corporation, preferably leading to a certificate/diploma/degree issued by such organization as per National Skill Qualification Framework (NSQF).
Training partners/ centres affiliated to NSDC are available at the below mentioned
Quantum of Loan:
Minimum: 5,000.
Maximum: 150,000.
Applicable MCLR + 1.5% Fixed* or FLOATING
NOTE: *Fixed for Loans of tenure up-to 5 years.
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Margin
The margin in Skill Loan Scheme is only 5% of loan amount.
Security
- Parents to be joint borrower(s).
- No collateral.
- Covered under Credit Guarantee Fund Scheme of National Credit Guarantee Trust Company Ltd.
REPAYMENT
Up to 50,000: 3 years
Between 50,000 to 1 Lac: 5 years
Above 1 Lac: 7 years
No prepayment charges for early repayment of the loan
Moratorium
Courses up-to 1 year: 6 months after completion of the course.
Courses above 1 year: 12 months after completion of the course.
NATURE OF LOAN
Term Loan.
J&K BANK CONTACT DETAILS
Chairman & Chief Executive Officer
Mr. Parvez Ahmed
Address: The Jammu & Kashmir Bank Ltd.
Corporate Headquarters
M.A Road
Srinagar, J&K , India
Phone : 0194-2481900,
Fax: 0194-2481902
Board line Numbers: (+91- 0194) 2481930 -2481935
For Customer Services:
Contact Centre : 1800 1800 234
Customer Care : 0194-2481999
E-banking : 1800 1800 234
ATM Helpdesk : +91-194-2713333
Credit Card : 0194- 2486424, 2486427, 2486149, 2486151, 2482463
Inbound International Voice Services: +91 194 2713434, +91 194 2713435 & +91 194 2481936
Registered Office
MA Road
Srinagar 190 001
Jammu & Kashmir
Corporate Headquarters
MA Road
Srinagar 190 001
Jammu & Kashmir
www.jkbank.com
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