PM Kisan, PMAY, and J&K Bank Loans, Full Details for Jammu & Kashmir

PM Kisan, PMAY, and J&K Bank Loans – Full Details for Jammu & Kashmir

Government and financial support schemes have become a lifeline for many citizens in Jammu & Kashmir. Whether you’re a farmer, a low-income family dreaming of your own home, or someone looking for personal/business loans, the PM Kisan, PMAY, and J&K Bank Loans offer vital assistance.

Let’s understand each of these in detail 👇

🌾 1. PM Kisan Samman Nidhi Yojana – ₹6000 Direct Benefit

PM Kisan is a central government scheme under which eligible farmers receive ₹6000 per year in 3 equal installments of ₹2000, directly into their bank accounts.

✅ Eligibility:

Small and marginal farmers with up to 2 hectares of land
Land should be in the farmer’s name
Aadhaar-linked bank account

🚫 Not Eligible:

Income taxpayers
Retired professionals (except Group-D staff)
Institutional landowners

📅 Latest Installment:

16th installment was released in February 2025
Next (17th) installment expected in August 2025

📌 How to Check PM Kisan Status:

Visit pmkisan.gov.in
Go to “Beneficiary Status”
Enter Aadhaar or account number

🏠 2. PMAY (Pradhan Mantri Awas Yojana) – Own a House in J&K

PMAY – Gramin (for rural) and PMAY – Urban (for cities) provide financial support to help economically weaker sections build or buy homes.

💸 Subsidy Benefits:

Income Group	Annual Income	Subsidy on Loan
EWS (Economically Weaker)	Up to ₹3 Lakh	Up to ₹2.67 Lakh
LIG (Low Income)	₹3–₹6 Lakh	Up to ₹2.67 Lakh
MIG-I	₹6–₹12 Lakh	₹2.35 Lakh approx
MIG-II	₹12–₹18 Lakh	₹2.30 Lakh approx

📝 Documents Required:

Aadhaar card
Income proof
Land/house ownership documents
Bank details

🏘️ J&K PMAY Highlights (2025):

30,000+ houses approved in J&K under PMAY-G
Urban beneficiaries must apply through Jammu/Srinagar ULB offices
Gram Panchayats handle rural applications

🏦 3. J&K Bank Loans – Personal, Home, Education, and Agri Loans

J&K Bank offers a wide range of loan schemes for students, farmers, businessmen, and salaried employees.

✳️ Popular Loan Types:

✔️ 1. J&K Bank Personal Loan

For salaried, pensioners, and business persons
Amount: ₹50,000 to ₹15 Lakhs
Interest Rate: Starting from 11% p.a.

✔️ 2. Education Loan (JK Bank Gyanodaya)

For students studying in India or abroad
Max Loan: ₹10–20 Lakhs
Moratorium: Course period + 1 year

✔️ 3. J&K Bank Home Loan

Tenure: Up to 30 years
Interest: Floating (starting ~8.5%)
Special subsidy if applying under PMAY

✔️ 4. Agriculture/PMEGP Loans

Farmers, self-help groups, and rural entrepreneurs eligible
Subsidy linked with KVIC/PMEGP

📍 Where to Apply:

Online: www.jkbank.com
Offline: Nearest J&K Bank branch

📌 Final Tips:

Link your Aadhaar, PAN, and bank account to access these schemes easily.
Keep checking official portals regularly for status updates and installment releases.
Apply through proper channels — avoid third parties or agents.