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. The bank offers agricultural loans, home loan, educational loan, jewel loan etc.
“Vikas Kiran” is the loan offered by the bank for the purchase of Solar Home Lighting and Water heating Systems.
Purpose – Purchase of new solar home light or water heating system
Special Features – SELCO & SHELL Solar Companies are extending incentive, MOU with Rashmi Solar Private limited for providing Incentive.
Eligibility – All Customers having assured Income –Repayment Capacity
Quantum of Loan – 85 % of the cost