Karnataka Vikas Grameena Bank (KVGB) has launched a new loan scheme called ‘Vikas Spoorty’.

Banking & Finance

Karnataka Vikas Grameena Bank (KVGB) has launched a new loan scheme called ‘Vikas Spoorty’ to strengthen the rural credit delivery system and also to motivate the common man to take up income-generating activities on a smaller scale. This scheme is a hassle-free loan without collateral security and surety aimed at meeting the genuine credit needs of small entrepreneurs. It links repayment of the loan to the small amounts contributed by them on a daily basis to their ‘Daily Deposit’ scheme of the bank (pigmy account) at their doorsteps. Under this scheme, people may avail a minimum loan of ₹50,000 and a maximum of ₹2,00,000. But the customer shall open a ‘Daily Deposit’ (pigmy) account and contribute regularly to it to service the repayment of instalment and interest for the loan.


     

     

     

 

     


Karnataka Vikas Grameena Bank

HQ- Dharwad
Chairman- Shreekant M Bhandiwad
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