Jammu and Kashmir Bank launched a finance scheme- "J-K Bank sahafat finance scheme” tailored for media fraternity in the state wherein a loan of up to Rs.3 lakhs can be availed by journalists and employees of media houses in the state.
The loan, which can be availed at an interest rate of Marginal Cost of Funds Based Lending Rate(MCLR) plus 3.4 per cent, has to be repaid