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 was 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 leveling, bunding and silt application
Eligibility – All the farmers owning the landed property
Loan amount – Rs.4000/- per acre
Disbursement – In stages by seeing the progress of work
Security or Margin – Loan up to Rs.50, 000/- : Loan agreement; Loan above Rs.50, 000/- : Equitable/registered mortgage on landed property.
Margin – 10%
Repayment – 11 years with one year grace period
Documents Required –
i) Loans up to Rs.50, 000/- :
ROR
Holding certificate
Photos – 3
No-due certificate
ii) Loans above Rs.50, 000/-
ROR
Holding certificate
13 years EC
Legal opinion on landed property
Photos 3
No due certificate