Karnataka Vikas Grameena Bank was formed by the amalgamation of four banks sponsored by Syndicate Bank in the State of Karnataka by a Government of India Notification dated 12/09/2005. The bank works with a mission to continue as the leading and visible Grameena Bank in the country by acting as a catalyst for the growth of Agriculture/ Allied and Non-Farm activities.
Bank has fulfilled the aspirations of the rural people with its total involvement. To continue as the leading and visible Grameena Bank, acting as a catalyst for the growth of Agriculture/Allied and Non-Farm Activities, encouraging customers to pursue gainful vocation to maximize returns for a decent living, to liberate vulnerable sections from the clutches of money lenders and finally build a vibrant and pro-active Financial Institution is the mission of Karnataka Vikas Grameena Bank.
Purpose – To under take Agricultural or other own business or Profession
Special Features – Unique loan scheme for purchase of vehicles for Agricultural use /Business purpose at reduced margin for SF or MF. For Agriculturists, rate of interest and other norms are applicable as per Agri Loans and for others, SRTO norms are applicable.
Eligibility – All customers
Quantum – For SF or MF 95 % of the vehicle value; other farmers 85% of the vehicle value for businessmen 75 % of vehicle value
The bank offers agricultural loans, home loan, educational loan, jewel loan etc.