Srinagar: Jammu and Kashmir bank has launched
a finance scheme `Scooty Finance`, for girl students and
working women to encourage them to buy two-wheelers of their
The scheme was launched by the bank executive director
and chief financial officer Abdul Majid Mir on Thursday, a
spokesperson for the bank said.
"For a bank that seeks consistent and comprehensive
growth like ours, the micro picture of economic segmentation
is as important as the macro view."
"And the entire product bouquet has to be structured
according to the income, needs, tastes and preferences of the
varied sections of people including women," Mir said.
We shall continue to develop specific offerings like
the Scooty Finance to gratify the preferences of important
segment of our customers, he added.
Primarily designed to suit girl students and working
ladies, Scooty Finance is a hassle-free product that offers 85
per cent of the cost finance, subject to a maximum finance
of Rs 50000, the spokesman said.
He said the loan is to be repaid in 60 monthly