J&K Bank Lal Ded Stree Shakti Loan

• "J&K Bank Lal Ded Stree Shakti Loan" is not just a financial product; it’s a step towards Empowering 10 lakh women across J&K to take charge of their futures and lead transformative change in their communities.
• The product is an individual micro-loan product designed specifically for women who are part of Self-Help Groups (SHGs). This product enables maximum three individual members from each SHG to access financial support for entrepreneurial needs while relying on group liability. This product supports entrepreneurial ventures & income-generating activities while promoting financial independence and women empowerment.
  Impact Goals:-

o    Enhance Women’s Independence.
o    Boost Economic Participation.
o    Build Financial Inclusion: Strengthen J&K Bank’s role as a trusted partner for women’s empowerment.
 

• JKRLM promotes affinity-based women Self Help Groups (SHGs). Women SHGs under JKRLM consist of 10-20 members. In case of special SHGs i.e. groups in the difficult areas, groups with disabled persons, and groups formed in remote tribal areas, this number may be a minimum of 5 members.
   

• Priority Sector – Weaker Sections 

• Maximum age limit at maturity of the loan under the Scheme is prescribed as 70 years.
• Woman member of an active SHG. Loan shall be extended to maximum three (03) women members of a particular SHG. 
• SHGs from which the members are desirous of taking the credit shall be in active existence for at least one (01) year as per its books of accounts with a satisfactory credit history of one minimum (01) year.
   

• Starting small businesses (e.g., tailoring, handicrafts, boutique, agriculture)
• Food processing, manufacturing etc
• Expanding existing income-generating activities.
  Note: - The list is indicative and not exhaustive. 
   

• Minimum Rs 50,000/- 
• Maximum Rs 2,00,000/- 
   

• Term Loan or Working Capital or Composite Loan.

• Flexible tenure ranging from 18 months to 60 months.

• The working capital component, if any, shall be initially valid for a period of one year & subject to annual review thereafter.

• No foreclosure charges on pre-payment of loan.

Primary:-

 All the assets financed by the bank shall be obtained as primary security by way of hypothecation/assignment.

Collateral:- 

For MSE, loans shall be covered under credit guarantee from Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
For Agriculture-related loans, the collateral requirement shall be NIL.
Note:-   CGTMSE fee shall be borne by the borrower.
 

• NIL

• RLLR + 0.50% (floating) p.a.
  (Interest shall be charged with monthly rests)
   

• Maximum three (03) months based on nature of business. 
  Interest during moratorium shall be served by the borrower.
   

• NIL