Karnataka Vikas Grameena Bank – “Financing 2, 3 and 4 Wheelers” for undertaking Agricultural or other activity

By | April 13, 2011

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.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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