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. The bank offers exclusive personal loan and agricultural loans.
Purpose – For drilling bore well, installation of pump set, construction of pump house, laying of pipeline, construction of water storage tanks, sprinkler and drip irrigation
Eligibility – The farmer should have command area of minimum 4 acres to be brought under irrigation. It is relaxable based on the cropping pattern, income generated to service the loan
Quantum of loan – As per the Unit cost prescribed by NABARD
Repayment – 9 to 15 years; Repayable in Half-yearly or yearly installments depending on the cropping pattern
Rate of Interest – As applicable to Agricultural Term loan