JK Bank Smartphone Finance Scheme Loan: Check How to Apply

JK Bank Smartphone Finance Scheme Loan: Check How to Apply 1

The JK Bank Smartphone Finance Scheme is a loan program offered by Jammu and Kashmir Bank, a state-owned bank in India. The scheme aims to provide affordable financing options for individuals who want to purchase smartphones.

Under this scheme, individuals can apply for a loan of up to Rs. 75,000 to purchase a smartphone of their choice. The loan can be repaid in 12 monthly installments. The interest rate on the loan is 3%, and there are no processing fees.

To be eligible for the JK Bank Smartphone Finance Scheme, individuals must meet the following criteria:

  1. The applicant must be a permanent resident of Jammu and Kashmir.
  2. The applicant must be at least 18 years of age.
  3. The applicant must have a bank account with Jammu and Kashmir Bank.

To apply for the scheme, individuals can visit any Jammu and Kashmir Bank branch and submit the required documents, including proof of identity, proof of address, and proof of income.


  • Term loan.


  • Purchase of Mobile Phones (IOS, Blackberry, Android and Windows based).


  • Permanent Employees/Pensioners of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
  • Customers already availing seasoned credit facilities (aged more than 2 years) where in there have been no past dues of more than one month during the currency of the loan.


  • Minimum: 21 years.
  • Maximum age of Applicant at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
  • For others: 65 years.


  • Minimum Finance: JK Bank Smartphone Finance Scheme Loan: Check How to Apply 2 10,000.
  • Maximum Finance: JK Bank Smartphone Finance Scheme Loan: Check How to Apply 2 75,000 or 12 months net income for purchasing upto three Smartphones or 90% of the invoice value of the Smartphone(s) whichever is lower.
  • Maximum finance (in case of individual small businessmen who do not file their tax returns and do not maintain the financial statements) is 10% of the credits in the operative account of the borrower during the last 12 months or 90% of the invoice value of the Smartphone(s), whichever is lower.
  • For Govt. employees gross deductions should not exceed 60% of gross salary while as for others deductions should not exceed 50% of gross income.


  • 10% of the invoice value


  • Primary: NIL
  • Collateral: NIL


  • JK Bank Smartphone Finance Scheme Loan: Check How to Apply 2350/- plus applicable GST


  • 30 Equated Monthly Installments.


  • NIL


  • 1 Year MCLR + 3% (fixed)

Kashmiri Entrepreneurs raise 90 lakh for 7.5% equity in Shark Tank India Season 2

Fast Beetle Shark Tank India Kashmir

In a first, Lenskart CEO Peyush Bansal and Boat CEO invest Rs 90 lakh for 7.5% equity in Srinagar based logistics startup Fast beetle at 12 Crore valuation.

Shark Tank India, Kashmiri

Shark Tank India 2 has entertained everyone with its amazing pitches and the fun banter that takes place on the show between judges Namita Thapar, Aman Gupta, Anupam Mittal, Peyush Bansal, Vineeta Singh and Amit Jain. The channel recently shared a new episode of the show where three companies presented their new remarkable ideas on the show.

The judges were also impressed with the Kashmir delivery boy’s idea for making delivery easy in the mountainous state.

Shark Tank India Kashmiri Entrepreneurs

The due Entrepreneurs from Kashmir talked about the fast delivery problems that many Kashmir people have been facing for a long time. They talk about their new fast delivery system idea which will eventually solve Kashmiri people’s delivery problems. The pitchers ask for Rs 95 lakhs for 3% equity. After hearing their pitch Aman speaks up and says “I think that we need to develop Kashmir’s ecosystem and feel that there should be more entrepreneurs from Kashmir”.

Shark Tank India Kashmiri Entrepreneurs

Later, Peyush, Anupam and Aman counter their offers on the table. Peyush offers 95 lakhs for 10%, Anupam offers 95 lakhs for 9% and lastly, Aman offers the same offer as Anupam which is 95 lakhs for 9%.

Shark Tank India Kashmiri Entrepreneurs

Meanwhile Samiullah and his partner Abid Rashid gave a counter offer of 90 Lakhs for 7.5% of equity, to which Aman and Piyush agreed and signed the deal with the two young Kashmiri Entrepreneurs.

Now I have a reason to visit Kashmir said Peyush Bansal, whereas Aman Gupta said that he visits Kashmir Valley every year.

Govt to Privatize Jammu and Kashmir Cements Limited

Govt of J&K

Srinagar: The Government of J&K on Saturday issued an order-cum-notice which Read: Jammu and Kashmir Cements Limited (JKCL) is a fully government owned company under the Administrative Control of Department of Industries and Commerce, Government of Jammu and Kashmir.

  • It is engaged primarily in the manufacture and sale of cement.

Jammu and Kashmir Cements Limited (JKCL) has 1200 Ton per Day (TPD) of installed integrated cement manufacturing facility in Khrew, Pulwama and a 300 Ton Per Day (TPD) grinding unit in Samba. The company also has access to a Limestone Mine in Khrew.

The Government of Union Territory of Jammu and Kashmir (UTJK) intends for complete sale of Jammu and Kashmir Cements Limited, by way of strategic disinvestment of the equity shareholding of Government of UTJK (100%) in its undertaking the Jammu and Kashmir Cements Limited (JKCL), along with full management control.

  • This disinvestment process is being implemented through competitive bidding route.

Also Read: Govt makes Biometric attendance mandatory for all the departments of Jammu and Kashmir

A Preliminary Information Memorandum (PIM) along with draft RFP can be downloaded by interested bidders from the websites of Department of Industries and Commerce, Jammu and Kashmir at http://jkindustriescommerce.nic.in/.

Interested Bidders who meet eligibility criteria mentioned in the PIM may provide their comments on the draft RFP. Post the receipt of comments from interested bidders, the Government of UTJK would issue a Final RFP to invite bids from the interested bidders.

Also Read: Altaf Bukhari promises to hire best lawyers to fight in SC for restoration of Articles 370, 35A

Interested Bidders need to submit their comments in electronic form via email on suggestjkindcom@gmail.com. Moreover, in order to get access to Final RFP and Virtual Data Room, the interested bidders would be required to submit a Tender fee of amount INR 10,00,000 + GST as applicable) (Indian Rupees Ten Lakhs + applicable GST) through NEFT and sign a confidentiality agreement.

Critical Dates:

Start Date for availability of RFP and PIM on website: 12th November, 2022

Start Date for submission of Comments: 12th November, 2022

Last date for submission of comments on draft RFP: 28th November, 2022 till 17.00 hours

The issuing authority reserves the right to accept or reject any or all of comments without assigning any reasons, by the order of Principal Secretary to the Government Department of Industries and Commerce Union Territory of J&K

Encouraging local entrepreneurs can lead to path-breaking solutions of the J&K UT: Director JKEDI

Encouraging local entrepreneurs can lead to path-breaking solutions of the J&K UT: Director JKEDI 5

Kathua, November 11: Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) organized a one-day Entrepreneurship Awareness Programme (EAP) today in collaboration with Government Degree College, Kathua. The event was presided over by Director, JKEDI, Ajaz Ahmad Bhat (IAS). The Director also inaugurated an Entrepreneurship Development Programme (EDP) for young women in Kathua

“We live in challenging times. We have seen how the Covid-19 pandemic changed the way we conduct our day to day activities. While these problems can seem overwhelming, entrepreneurs have consistently found solutions to the some of the biggest problems and are fighting at the forefront, “said Ajaz Ahmad Bhat (IAS), Director, JKEDI. Today’s technology and resources coupled with a problem solving mindset give entrepreneurs wide scope than ever before to confront problems face by people of the Union Territory, he added. 

In his address, the director impressed upon the need to give fillip to women entrepreneurship. Empowered and financially independent women can turn to be successful leaders who can drive the economy of the UT. The Director also stressed on the need to widen public outreach by the Institute and help the youth to identify business opportunities other than the traditional ones. Innovation and value addition is the way forward.

He assured the youth attending the program, that the Institute will create an enabling environment for entrepreneurship development in the Union territory and will handhold the aspiring entrepreneurs. “The Government under the leadership of Hon’ble Lt. Governor, Shri Manoj Sinha is committed to provide youth of the UT an opportunity to earn a dignified livelihood and JKEDI will vehemently carry forward this mission,” he added.       

The Director also visited the district office in Kathua and inaugurated a 10-Day EDP for aspiring female entrepreneurs under Tejaswani Scheme. This scheme is an endeavor of Mission Youth.  The candidates will undergo a training programme with a focus on self-development, basic business skills, business and marketing plan formulation, account management, sector-specific technical inputs and will be apprised of all the formalities involved in setting up an enterprise. The aim of the programme is to help the candidates to be self-reliant and facilitate their capacity building.

Dr. Seema Malpotra, Vice Principal, GDC Kathua, Prof. Rakesh Singh, Convener, Career Counseling and Placement Cell, Prof. Raj Kiran, Associate Professor, Prof. Jaswinder Singh, Convener, IQAC, Vishal Ray, Regional Coordinator Jammu, JKEDI, Naresh Kumar, Assistant Director, DECC  Kathua, Amit Sharma, District Nodal Officer, JKEDI Kathua, galaxy of faculty members and students of the degree college were present on the occasion.(KNS)

In a Major Move Supreme Court upholds 10 per cent reservation for EWS in 3:2 verdict

In a Major Move Supreme Court upholds 10 per cent reservation for EWS in 3:2 verdict 6

Supreme Court (SC) on Monday upheld the validity of the 10 per cent reservation to the economically weaker section (EWS) under the 103rd Constitutional Amendment. In a 3 to 2 verdict, the five-member bench headed by the Chief Justice of India, UU Lalit, upheld the EWS quota on Monday.

CJI Lalit and Justice Ravindra Bhat dissented witht the majority judgment on the exclusion of SC/ST from the EWS quota.

CJI Lalit is set to retire on November 8.

SC said that the EWS quota does not violate the basic structure of the Constitution set under the Indra Sawhney Case (1992).

The judgment was pronounced by a five-judge bench headed by Chief Justice UU Lalit and also comprising Justices Dinesh Maheshwari, S Ravindra Bhat, Bela M Trivedi and JB Pardiwala.

Justice Dinesh Maheshwari in the judgment said the EWS quota law did not violate the basic structure or equality code for taking into account the economic criterion. He said the EWS reservation does not cause damage to any essential feature of the Constitution by exceeding the 50 per cent ceiling for quota since the ceiling is itself flexible.

Justice Bela M Trivedi said the 103rd constitutional amendment cannot be struck down on grounds of being discriminatory.

Justice JB Pardiwala concurred with their views and upheld the validity of the amendment.

However, Chief Justice UU Lalit and Justice Bhat dissented with the other three judges on the bench.

CJI UU Lalit and Justice Bhat said the law was discriminatory and violative of the basic structure of the Construction. (Business Standard)

Gold falls Rs 303; silver drops by Rs 197

Gold falls Rs 303; silver drops by Rs 197 7

New Delhi: Gold prices declined by Rs 303 to Rs 49,571 per 10 grams in the national capital on Monday amid weak global cues and rupee appreciation, according to HDFC Securities.

In the previous trade, the yellow metal had closed at Rs 49,874 per 10 grams.

Silver also dipped by Rs 197 to Rs 57,090 per kilogram from Rs 57,287 per kg in the previous trade.

The rupee appreciated 14 paise to 79.64 against the US dollar in early trade on Monday in line with its Asian peers and as the American currency retreated from its elevated levels.

In the international market, gold was quoting lower at USD 1,662 per ounce, while silver was flat at USD 19.28 per ounce.

“Gold prices extended loses as firm dollar and speculation ahead of US FOMC meet has pinned down investment sentiments on expectations of larger rate hike,” Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said.