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Thiruvananthapuram, May 27

State Bank of Travancore (SBT) has launched a new loan scheme for pensioners from military and related services. The scheme titled `Jai Jawan pension loan', will cover pensioners who retired at an early age from armed forces, paramilitary forces, coast guards, Rashtriya Rifles, CRPF, BSF, ITBP, etc. The scheme provides for loan of up to Rs 2 lakh or 48 times the monthly pension, whichever is lower. A relaxed repayment programme is one of the features of the scheme, according to a statement from SBT. Against 60 months repayment period for normal pension loan, the `Jai Jawan' loan has a repayment period of 84 months.

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