Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State.
The Bank has a net work of 52 branches i.e. 34 branches in Chikmagalur and 18 in Kodaug Districts, with dedicated work force. The Chairman and two Directors each nominated by Government of India, sponsor Bank and Government of Karnataka and one Director each nominated by NABARD and RBI, head the Bank’s Management.
The bank offers home loan, personal loan, vehicle loan, agricultural loan, business loan, educational loans etc.
Purpose – For fresh planting of Variety of Mango Plants
Unit Cost – Rs.34400/- per Acre as per present NABARD Unit Cost
Margin – 5 to 15% of the total financial outlay
Security – Security shall be permissible under RBI guidelines
Repayment – Repayment period is 14 years including 7 years grace