Nainital-Almora Kshetriya Gramin Bank (NAKGB) was established on 26th March, 1983. It is sponsored by Bank of Baroda. Presently the bank has over 58 branches across 4 districts of Uttarakhand, Udham Singh Nagar, Nainital, Bageshwar and Almora.
The bank aims to provide banking facilities in rural area and provide financial assistance particularly to small, marginal, landless labourers and other weaker sections. NAKGB is a joint venture of Government of India, Government of Uttarakhand and Bank of Baroda. NAKGB has its headquarters situated in Nainital.
Purpose: In order to provide hassle free credit to weaker section of the people of rural and semi urban areas based on the assessment of income and cash flow without insisting on security, purpose or end use of the credit, the bank has introduced Gramin Bank General Credit Card (GBCC).
Nature of Loan: This is a Cash Credit Limit loan scheme.
Quantum of Loan: The maximum amount that is granted under this personal loan scheme is Rs.25000.