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 was established on 01-12-1978.… Read More »
Purpose – New well, bore-well, SIP set, IP set, DP set, Pipe line, sprinkler and drip irrigation etc. Eligibility – All the farmers owning minimum of 3 acres of land Loan amount – As per NABARD unit cost Disbursement – For development activity in the field, in stages and purchase of assets as per… Read More »
A recent press report said that the RBI has cautioned banks not to issue demand drafts of Rs 50,000 and above on deposit of cash. The central bank said that any such disobedience of instructions will be viewed seriously. Reports said that the RBI has come across cases where few banks had issued demand drafts… Read More »
The ACC scheme is being introduced with immediate effect in our Bank. Branches are advised to provide credit under the scheme as per the guidelines. Purpose – The loan is offered to provide adequate & timely assistance from the banking institution to the artisan to meet their credit requirement both in investment needs and… Read More »
The Bank was 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… Read More »
The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan,… Read More »
Purpose – Purchase of Tractor, Trailer, Implements and other Accessories. Type of loan – Agricultural term loan Eligibility – Individual farmers /Group farmers a) For Tractors below 35 H.P., Minimum 6 Acres of perennially irrigated land or 12 Acres of cultivable dry land b) Above 35 H.P. minimum 8 acres of perennially irrigated… Read More »
Purpose – To provide hassle free finance to borrowers in SSI, Trade and Service sector by means of mortgage of property with adequate value. Type of loan – Cash credit/ Term loan Eligibility – a) Existing customers with a satisfactory track record of three years. b) Cash profit during last 3 years and… Read More »
The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan,… Read More »
Purpose – The loan offers financial assistance to small and marginal and tenant Farmers with focus on women folk under group approach, to improve rural economy through employment opportunity and increase milk production through organized sector. Type of loan – Allied Agricultural Term Loans Eligibility – a) Small homogenous groups consisting of 5-15… Read More »