KVGB Bags Best Performer Award

National Bank for Agriculture and Rural Development (Nabard) has conferred the ‘best performance award’ for 2015-16 and 2016-17 to Karnataka Vikas Grameen Bank (KVGB) for its work in the field of credit-linking joint liability groups (JLGs).

1,194 JLGs(Joint Liability Group) were credit-linked by disbursing Rs 19.38 crore during 2016-17. The outstanding accounts under JLGs stood at 6,329 involving an amount of Rs 63.83 crore.
Important Takeaways from Above News-
  • S Ravindran is the Chairman of KVGB.
  • KVGB is sponsored by syndicate bank.
Source- The Hindu

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