MUZAFFARABAD ( Web News )
The Bank of Azad Jammu and Kashmir has increased the loan limit of “Tourism Promotion Finance” from Rs.10 lakh to Rs.50 lakh for the speedy development of tourism in the state. The objective of the scheme is to facilitate the growth of tourism business in the outer tourist areas of the AJK, with easy terms and prompt payment, including construction of new guest houses, conversion of residential houses into guest houses and renovation of them at tourist destinations. The tenure of loans provided under the scheme is five years which has minimum monthly installments, fastest processing. Loans are given on very easy terms and minimum markup. With this scheme low income people who are interested in promoting tourism can also play their role in the development of the state. Customers will benefit from this scheme by getting loans from Bank of Azad Jammu and Kashmir on easy terms for further expansion of their business, renovation of hotels, construction of guest houses and conversion of residential houses into guest houses. According to the bank spokesperson, customers can avail other attractive loan schemes of BAJK like advance salary loan, gold loan, housing finance, personal loan, car financing, motorcycle loan, home appliances, SME, micro, commercial, SBTF and healthcare etc. The purpose of easy access is to speed up the socio-economic development of AJK. The financial institution is achieving its business goals with the support of the Government, especially the Board of Directors, the supervision of the president, CEO Khawar Saeed, the tireless work of the staff, and the support of the valued customers.