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: This loan scheme aims at financing doctors for purchase of hospitals equipments and also wholesale, retailers of medicines for their business needs.
Eligibility: Doctors and Medicine Dealers are eligible for this personal loan scheme.
Quantum of Loan: The quantum of loan depends on the purpose for which the loan is sanctioned.
Security: The materials purchased with the finance provided by the bank are hypothecated to the bank as security.