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 the hill area where the male population of the village migrates to cities for employment and women are engaged in agricultural activities but ownership of land is not in their name. To provide hassle free loan to those women, Bank has introduced Mahila Silver Credit Card for their economic betterment.
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.