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 provides financial assistance to transport operators for purpose of purchase of new /old Trucks, Bus, Taxi etc.
Eligibility: This loan scheme is a financial assistance offered to transport operators.
Quantum of Loan: The quantum of loan depends on the vehicle proposed to be financed.
Margin: There is a minimum of 15% margin for the loan.
Security: Finance is available under this scheme with or without collateral security.