x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Despite claims Covid deaths going unabated in Jammu | As cases surge, over dozen localities declared COVID-19 ‘red zones’ in Jammu | ACB takes note of Forest Officer’s fake induction into IFS | Despite being transferred ‘powerful’ DTI not yet relieved | ‘4G may not return to J&K so soon’ | JKMSCL retired employee works at previous place | Uncle, Aunt shame humanity, burn 8 year old child with hot iron | COVID-19 recovery rate in JK gets big boost as 2796 patients recover in one day | BJP Leader Calls Sixth Schedule Demand For Ladakh, ‘Nonsense’ | LG approves regularisation, promotion of over 550 police officers | Corrupt under scanner | The Global Times: Obnoxious headquarter of Chinese Information Warfare | Pointless conflict on farmers’ bills | Unspoken language | Team Jammu releases album “A Tribute to Maharaja Hari Singh” | ShivSena demands COVID treatment under health insurance cover | Horticulture deptt distributes fruit plants | SKS welcomes proposal of satellite colonies for KPs | JKTF Bhalwal Zone condoles demise of Ravinder Kumar | Apni Party organises first public meeting in Kathua | JKPBSC resents non inclusion of Punjabi language | 14 bovines rescued, one arrested | Global leader in Agri science launches group in Jammu | Tournament organized by DYSS continues | NGO welcomes district admin | Munish Gupta asks government to solve problems of people of Sector 14 Shivaji Chowk Guru Nanak Nagar | Admin approves re-allocation of nearly 2,000 posts for Kashmiri Pandits under PM’s package | CAG Raises Major Concerns Over Implementation of Two Flagship Govt Schemes During 2017-2018 | AC approves conduct of elections to vacant Sarpanch, Panch constituencies | Director Horticulture takes stock of departmental activities | AIKS expresses concern over indifferent attitude of JKUT admin toward KPs | Mount Litera Zee School organizes Sankalp-Sammaan Samaroh 2020 | Jammu University organizes Abhivyakti-2020 | DLSA Udhampur organizes webinar on Cyber Crime | Online awareness programme on mediation concludes | Online training programme on “Yoga & Health” commenced at Dulhasti Power Station | Prominent leaders from Christian Community join Apni Party | Court rejects bail of four in NDPS | Shift Sub-Registrar’s office back to Bishnah to avoid inconvenience: Bhardwaj | Humour mills go on overdrive after late night boom in Srinagar | Three dead, 4 injured in Doda road mishap | Jan Abhiyan: Sourabh Bhagat inaugurates library at High School Drabshalla | 06 gamblers arrested , stake money recovered by Police | Security forces launch CASO after firing in Pulwama | Physical fitness is dire requirement in today’s time: Sat | Experts stress for building of earthquake resistant constructions | Admin to encourage actual development initiatives instead of ‘’mere announcements’’: Sinha | BJP councillor shot dead by militants outside his residence in Budgam | Govt orders transfer of three KAS officers, admin Auqaf Islamia | Rigzin Spalbar appeals for boycotting of elections to body | Govt committed to provide best healthcare facilities in times of COVID-19: Advisor Bhatnagar | Villagers in Udhampur trek kilometres to fetch water | Govt employee booked for securing job on fake, fabricated documents | IGP Jammu promotes 137 ASIs as SIs | Illegal structure on forest land demolished | JKNPP criticizes BJP leaders to retain Estate bungalows, security cover | Deaths due to oxygen deficiency deplorable: Rana | Mehbooba Mufti’s daughter approaches Supreme Court for mother’s release | Back Issues  
 
news details
J&K Bank extends 2 pc interest subvention to MUDRA-Shishu borrowers
8/13/2020 11:52:22 PM
EARLY TIMES REPORT

SRINAGAR, Aug 13: J&K Bank has extended the central government’s relief in the form of interest subvention scheme to all its eligible MUDRA Shishu beneficiaries.
The relief forms part of the Government’s economic stimulus package under Atma Nirbhar Bharat wherein 2% interest subvention will be provided for a period of 12 months on repayment of Shishu Loan accounts that are not categorized as NPAs as on March 31, 2020. However, the benefit of such subvention shall be passed on to the borrowers only when the interest on the loan amount is serviced regularly on monthly basis. The scheme, the bank in a statement said, aims to alleviate financial stress for borrowers at the bottom of the pyramid; by reducing their cost of credit. “The scheme will be in operation for 12 months. For borrowers who have availed moratorium under RBI’s Covid package, the scheme would take effect after the moratorium period for 12 months i.e. from September 01, 2020 till August 31, 2021. For other borrowers, the benefit of 2% subvention would begin with effect from June 01, 2020 till May 31, 2021”, the statement added.
Pertinently, Shishu Loan is one of the categories of Micro Units Development and Refinancing Agency (MUDRA) finance under Pradhan Mantri Mudra Yojana (PMMY), which covers loans up to Rs 50000. And the interest subvention scheme is meant to alleviate financial stress for small businesses that have been disrupted the most during Covid-induced lockdown severely impacting their capacity to pay EMIs.
The scheme will help provide relief to the tune of Rs 1500 crore to the eligible Mudra- Shishu loan payees and about 3 crore people across the country are likely to be benefited by the 2 percent interest subvention.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU