Krishna Grameena Bank (KGB) is a Regional Rural Bank established on 01-12-1978 & is sponsored by State Bank of India.
The area of operation of the Bank comprises three districts viz., 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.
The Bank is one of the only 2 RRBs in India, selected by NABARD for implementation of SMART CARDS PILOT PROJECT, wherein Processor Cards are used by SHG members to know balances in their SB a/c s and to draw the money without bothering to Branch Manager/Rural Development Officer.
Purpose: For leveling, bunding and silt application this loan scheme can be utilized.
Eligibility: Any farmer with land can avail this loan.
Quantum of loan: The quantum of loan given is Rs. 4000 per acre. The disbursement is done stage by as the work progresses.
Margin: There is a margin of 10%.
Repayment: Repayment has to be done in 11 years including one year grace period.
Security: Above loans of Rs. 50,000/- , equitable / registered mortgage of the landed property is required along with loan application.