Wainaganga Krishna Gramin Bank came in to existence on 15th December 2008 through amalgamation of Wainganga Kshetriya Gramin Bank, Chandrapur, Solapur Gramin Bank, Solapur and Ratnagiri-Sindhudurg Gramin Bank, Ratnagiri.
The authorized capital of the Bank is Rs. 500.00 lakhs and the paid up capital is Rs. 400.00 lakhs. Government of India, Government of Maharashtra and Bank of India has contributed 50 %, 15%, and 35% of the share capital respectively
Purpose: This personal loan scheme can be utilized fro any personal or domestic purposes and not for any speculative purposes.
Eligibility: This loan scheme is mainly for salaried persons with or without tie-up with the bank. Minimum Gross salary of the applicant should be Rs. 8500/- for others minimum average annual income of last three years should be Rs. 1,00,000/-. Net take-home salary/income of the applicant should be more than Rs. 3500/-per month after deducting proposed equated monthly installments of the loan.
Repayment: The repayment as to be done in equated monthly installments.