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 – The loan is offered for any purpose i.e., personal needs.
Eligibility – Existing customer of the branch
Loan amount – Rs.450/- per gram
Disbursement – Immediately after completion of sanction and Pattern documentation
Security – Pledge on gold ornament.
Repayment – Within 12 months from the date of availment
Documents Required – Certificate from gold appraiser and demand; provided promissory note.