JK News Today
Srinagar, October 02:
Jammu and Kashmir government has sanctioned Interest subvention of 5% in case of all borrowers excluding borrowers under KCC, ACC, Loan against deposits, Loans under personal segments, NBFCs for a period of 06 months w.e.f 1 5t April, 2020 announced by the Government for Relief and Revival of Business Sector. The Benefit shall be available to those borrowers whose accounts were standard on 31-07-2019 or 31-03-2020 whichever is applicable. The J&K Bank (Convenor UTLBC) shall provide a list of all such borrowers. Money shall be transferred in DST mode and modalities for release of interest subvention shall be communicated by the J&K Bank (Convenor UTLBC) within a weeks’ time.