• Working Capital Facility and /or
  • Term Loan.
  • To provide finance to eligible candidates sponsored by JKEDI under the Seed Capital Fund Scheme of Government of Jammu & Kashmir.
  • A state subject in the age group of 18 to 37 years having a qualification of 10+2 or above who is unemployed.
  • SEED CAPITAL:
    Seed Capital for different categories of borrowers shall be as under:
    I). Individuals
    1. Under Graduates:-       35% of the project cost subject to maximum of 4.00 lacs  
    2. Graduates:-                   35% of the project cost subject to maximum of 5.00 lacs    
    3. Post –Graduates:-         35% 0f the project cost subject to maximum of 6.50 lacs.  
    4. Technically qualified Persons:-35% of the project cost subject to the maximum of 10.00 lacs. However for Group initiatives the upper limit shall be relaxable up to sum-total of individual entitlements. Screening Committee shall accept Joint Ventures for three persons ,  however in exceptional cases joint venture up to 5 persons may be considered. 
    II). Groups
    35% of the project cost subject to a maximum of 10 lacs.

  • Bank Loan:
    65% of the project Cost .In cases where the bank finance is secured by CGTMSE Cover, the maximum ceiling on Bank Finance shall be 25 lacs. However, if the loan amount is secured by collateral security of immovable property, there shall be no ceiling on the amount of Bank finance.

  • 18 TO 40 Years and having qualification 10+2 or above.

  • Upper age limit for specially /differently abled persons: 42 Years

  • Primary:-
    Hypothecation of assets created out of Bank Finance.  

  • Collateral Security:  
    a. For MSE Units where Bank Finance is up to 25 lacs:           CGTMSE Cover.

    b. For MSE Units where Bank Finance is above 25 lacs: Mortgage of unencumbered immovable property having value not less than 100% of the Loan amount.        
    C.For units not covered under MSE


    Bank Loan upto  10.00 lacs *   

    Third party guarantee of  two Persons .

     Bank Loan above 10.00 lacs

     Mortgage of unencumbered immovable property having value not less than 100% of Loan amount.

      *However under Agriculture and allied activities, loans upto   1.00 lacs shall be sanctioned against personal guarantee of the borrower without any collateral/3rd party guarantee.

    D.   For MSE Units where  Bank Finance is below   10 lacs:           NIL
    e.)  For MSE Units where  Bank Finance is above 10 lacs and the units are not covered under CGTMSE:-


    (i)Bank Loan upto  25.00 lacs  

    Third party guarantee of two persons  with sufficient means
    OR
    Mortgage of   unencumbered immovable property having value not less than 50% of  Loan amount

     (ii)Bank Loan above  25.00 lacs to  50.00 lacs

    Mortgage of unencumbered immovable property having value not less than 100% of Loan amount

  • Maximum of 2 years.

  • Individual Undergraduates  :    5 Years.
  • Graduates :                             6 Years.
  • Group  :                                   7 Years.

The repayment period shall be exclusive of the applicable moratorium period.