Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %).
The Bank is established on 01-12-1978. The area of operation of the Bank comprises three districts namely Gulbarga, Bidar and Yadgir. The present Branch network is 119, of which 94 branches functioning in rural area, catering to the needs of farming community, rural artisans and other rural mass. Krishna Grameena Bank is pioneer in promoting & extending financial assistance to Self Help Groups (SHGs). It offers home loan, personal loan, vehicle loan, agricultural loan, business loan etc.
Purpose – For rearing of milch animals as an allied activity to agriculture it supplements the agriculture income. It will provide full employment opportunity to family members and labors
Eligibility – Farmers having irrigated land to grow green grass and dry fodder required to feed the animals.
Quantum of Loan – As per NABARD unit cost to purchase CB cows, graded she-buffalos, shed construction, concentrate feed for one month, veterinary aid etc.
Disbursement – Disbursement of loan amounts as per schedule for construction of shed, equipment, animals and concentrate feed
Repayment – 60 equated monthly installments with 3 months grace period