Economy

KVG Bank shows the way to solar village

Our Bureau Hubli | Updated on February 25, 2011

Grameena banks play an important role in rural development and also under the financial inclusion activities.

Speaking after declaring a hamlet near Devagiri and Lalagatti villages in Dharwad Taluk as complete solar villages, Mr Ravi Chatterjee, Executive Director of Syndicate Bank, said, “For integral development of rural areas, Syndicate Bank is considering recruiting agricultural graduates at the university campus. Lot many developments can be expected in the coming decade and banks like Karnataka Vikas Grameena Bank (KVG Bank) are ready and is the forefront of all the regional rural banks (RRBs) in the country.”

“KVG Bank, sponsored by Syndicate Bank, takes pride in its achievements. Scarcity of fuel will be a major problem in the coming days and it is better to slowly switch over the usage of solar energy,” he said. Complete solar village is a novel idea and very relevant in the present days and all banks should take the cue from KVGB,” he added.

The KVG Bank Chairman, Mr K P. Muralidharan, speaking on the occasion, said the bank has 437 branches catering to 2,227 villages. The bank plans to ensure solar lights in every household in these villages and as a first step, 80 villages are selected for the purpose. Fifteen villages are already using solar lights.

Mr P L Kudagi, Chief Manager, welcomed the gathering.

Published on February 25, 2011

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