KVG bank launches “Vikas Abhaya” loan scheme

Karnataka Vikas Grameena Bank(KVGB) has launched ‘Vikas Abhaya’ a loan scheme to provide some relief to Micro, Small and Medium Enterprise(MSME) borrowers. This scheme is for those borrowers whose business activities are disrupted on account of the COVID-19 pandemic in Dharwad, Karnataka.

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The loan will be for the existing MSME customers who have been regular as on February 29, a maximum loan of up to Rs 1 lakh will be provided and no collateral security is emphasized & is repayable within 36 months. It is an additional credit facility to the eligible existing MSME borrowers & helps them to assist over the current crisis and ensures the continuation of viable business activity.

Important takeaways for all competitive exams:

  • Karnataka Vikas Grameena Bank Headquarters: Dharwad, Karnataka.
  • Karnataka Vikas Grameena Bank chairman: P Gopi Krishna.

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