3. 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. Post-harvest & Packaging costs shall also be covered
Nature of facility: Agricultural Term Loan
Eligibility: All saffron growers including small, marginal & large farmers including contract farmers engaged in cultivation of saffron or intending to commence the cultivation of saffron.
Minimum & Maximum Amount of Loan:
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Minimum - Rs 0.06 Lacs
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Maximum - Rs 10.00 Lacs.
4. Roshini 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: Term Loan
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.
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.
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