| 2 |
Date of Approval & Completion |
03-09-2015, 30-06-2022 |
| 3 |
Limit of Loan |
Rs.0.050 million to 0.500 million |
| 4 |
Investment Equity |
- Principal Amount is being provided by the Banks.
- Mark-up to the banks is being paid by the AKSIC.
|
| 5 |
Rate of mark-up to the borrowers |
Interest free |
| 6 |
Target Groups |
Technical, vocational and skilled entrepreneurs of AJ&K; trained from Small Industries, AJK-TEVTA/ Social Welfare and other training institutions. |
| 7 |
Objectives |
The scheme is designed to provide easy access to credit to 600 technical, vocational and skilled community trained from AJK-TEVTA/ Small Industries/ Social Welfare & other training institutes in AJ&K; for establishment and expansion of their own small enterprises in the private sector. The objective is to finance for purchase of machinery/equipment & working capital for new and existing enterprises. |
| 8 |
Eligibility/Scrutiny Criteria |
- Applicants of AJ&K.;
- Age between 18-55 years.
- Applicant trained from AJK-TEVTA, Small Industries, Social Welfare and other training institutes having at least six month training certification.
|
