Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. It is jointly owned by Government of India, State Bank of Mysore and Government of Karnataka, the share capital is contributed in the ratio of 50:35:15 respectively. It is a Scheduled Commercial Banks permitted to carry all kinds of business.
Purpose – It is a general purpose loan offered for meeting agricultural and consumption purposes against agriculture property
Eligibility – Farmers having excellent repayment track records for at least past three years
Amount of Loan – 50% of the value of land mortgaged as collateral security or 3 times the annual income of the farmer Maximum Rs 3.00 lakhs
Period Of Loan – 3 to 5 years
Type of Facility – Agricultural Term Loan
Rate of Interest – As applicable to agricultural term loans
Other conditions – Valuation of land – as per Sub registrar rates and original land records should be made available