J&K State Women’s Development Corporation Advertisement
The Corporation provides loan on minimal rate of interest to the differently-a bled women with 40% disability irrespective of caste, creed, religion and income, women beneficiaries for setting up of their own Income Generating Units.
Who can apply :
Any Women with 40% disability or more. Certificate should be provided by Chief Medical Officer or medical Board.
Age : 18-55 years
Caste, Creed, colour and income no bar. Should be Jammu and Kashmir State Subject.
Relevant educational qualification (in case of technical trade) supported by fresh attested copy of certificate. Should not be a defaulter with other financial institutions. Supported by affidavit.
How to apply:
Application forms are available for Rs. 10 each at the office of the Development Officer concerned. Instructions for completing the application will be included with the form itself. After completing the application, it should be submitted to the Development officer within the given time.
Maximum Loan Limit : Rs. 5.00 Lakhs
|N H F D C Share||W D C share||Beneficiary’s Share||Rate of interest|
|Up to Rs. 0.50 lakh||100%||Nil||Nil||4%|
|Above Rs. 0.50 lakh to Rs, 1.00 lakh||95%||5%||Nil||5%|
|Above Rs. 1.00 lakh to Rs. 5.00 lakhs||90%||5%||5%||5%|
Repayment : 24 easy quarterly installments in 6 years including the moratorium period of six months on the recovery of principal.
Educational Loan Scheme
Individual beneficiary from differently-abled women in the age group of 16-32 years and permanent resident of J&K State and should not be a defaulter with any other financial institution.
All professional and technical courses at graduate and higher level approved by appropriate authority such as AICTE, Medical Council of India, UGC etc.
How to Apply
The beneficiary will have to fill up the prescribed application form available with JKWDC.
OTHER TERMS & CONDITIONS
Admission fee, tuition fee, examination fee and similar expenditure will be paid directly to the Institution/ College by WDC.
expenditure on account of purchase of books, boarding and lodging etc. will be paid to the beneficiary.
The loan will be released in installments on semester/annual basis depending upon the system of the Institution/ College and subject to successful completion of the previous
Maximum Loan Limit : up to Rs. 10.00 lakhs in India and up to Rs. 20.00 lakhs abroad
|NH FDC Share||WDC share||Beneficiary’s Share||Rate of interest|
|Up to Rs. 4.00 lakhs||100%||Nil||Nil||3.50%|
|Above Rs. 4.00 lakhs courses (In India)||95%||5%||Nil||350%|
|Above Rs. 4.00 lakhs courses (Abroad)||95%||10%||05%||350%|
Repayment : Repayment period starts after six months of completion of the course or if the beneficiary gets job before six months, whichever is earlier (24 easy installments in 6 years).
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