Categories: Banking

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.

Click Here To Get Test Series For SBI PO 2020

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.

Find More Banking News Here

Sumit Arora

Recent Posts

IPL 2025 Schedule: BCCI Announces IPL Schedules for 2025, 2026, and 2027 Seasons

The Board of Control for Cricket in India (BCCI) has made a bold and significant…

13 hours ago

Which District of Madhya Pradesh is Famous for Rang Panchami Festival?

Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…

13 hours ago

Ustad Bismillah Khan Yuva Puraskar For 2022 and 2023

The Ustad Bismillah Khan Yuva Puraskar (UBKUP) is a prestigious award instituted by the Sangeet…

13 hours ago

Top 10 Most Sustainable Economies in 2024: India’s Position Explained

The Sustainable Trade Index 2024, jointly published by the Hinrich Foundation and IMD, highlights the…

13 hours ago

Who is Known as the Frontier Gandhi?

The title "Frontier Gandhi" refers to Khan Abdul Ghaffar Khan, a prominent leader from British…

14 hours ago

India Hosts First Global Cooperative Conference in 130 Years

India will host the International Cooperative Alliance (ICA) Global Cooperative Conference in New Delhi from…

15 hours ago