Micro Finances

Micro Enterprise Loan

Purpose	To encourage small scale enterprises, create self-employment opportunities, generate economic activities and reduce poverty
Eligibility	AJK Nationals, especially low income groups and skilled persons
Age limit	For new loans 18 to 40 years For existing loans 18 to 55 years
Loan Limit	Maximum Rs. 100,000/-
Tenure	Maximum 36 months
Repayment	Monthly Installments
Primary Security	Hypothecation of stock and Personal Guarantee of Borrower
Secondary Security	One P.G of Govt. Employee of BPS-11 or above and one PG of account holder of BAJK having reasonable average balance OR lien on deposits/cash collaterals
Insurance	As per Bank’s Policy
Margin on Stock	10% to 25%

Purpose	Promotion of Desi Murghbani/Poultry by establishing small units of minimum 10 poultry birds at cottage level (for economic empowerment of rural women). The production units will comprise of grown up Desi layer stock purchased from local suppliers/villagers Promoting organic chicken and eggs production, creating self-employment, generating income activities, reducing poverty and growing production
Eligibility	AJK Nationals, Only Women
Age limit	21-60 years
Loan Limit	Rs. 15,000/- to Rs. 50,000/- per production unit
Tenure	Maximum 18 months
Repayment	Half yearly equal installments
Primary Security	Borrower’s own guarantee
Secondary Security	Group guarantee or one PG of Govt. employee preferably teachers/lady health visitors or local/notable person enjoying good repute and well known to the Bank
Insurance	As per Bank’s Policy