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 – To promote and encourage farmers to grow different kinds of fruits crops in available infrastructure
Eligibility – All the farmers having irrigation source are eligible for loan
Loan amount – As per NABARD unit cost and infrastructure to be develop for growing of fruit crops.
Disbursement – Disbursement of loan amount as per the schedule in pattern stages
Security Margin – For loans up to Rs.50, 000/- Loan agreement and hypothecation of moveable assets will be considered as security and for Loan above Rs.50, 000/- Loan agreement, hypothecation of moveable assets created, Equitable or registered mortgage on landed property will be considered as security
Margin – 10-15% of the project cost.
Repayment – 5-10 years depending upon hypothecation of fruit crops grown and the return on the same