1. All Purpose AgriTerm Loan

2. Fruit Advances Scheme (Apple)

3. Zafran Finance

4. Roshni Financing Scheme

5. Commercial Floriculture Finance

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Nature of Facility:

Agricultural Term Loan

Objective:

To provide adequate and timely credit for comprehensive requirements of farmers with flexible and simple features

Purpose:

Eligibility:

All Persons engaged in agricultural and allied in Semi urban and Rural areas including all categories of farmers.

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Objective:

To provide adequate and timely credit for comprehensive requirements of Apple growers to take care of Production & Marketing Costs involved in case of their own orchards and also for those acquired on lease  

Purpose:

The facility shall be available for meeting the following costs: Production Costs, which includes:

Nature of Facility:

• Cash Credit /SOD
• SOD

Eligibility:

All Persons engaged in Production & Marketing of Apples, including the Small & marginal farmers.

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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:

• Minimum -                 Rs 0.06 Lacs
• Maximum -                Rs 10.00 Lacs.

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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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Commercial Floriculture Finance

Objectives

• 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.

Maximum finance:

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 Rs.15 lacs. In case of Gladiolus the maximum finance shall be for 12 kanals of land holding subject to the ceiling of Rs 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.

Source: http://www.jkbank.net