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Karnataka Vikas Grameena Bank (KVGB) has launched ‘Vikas She Plus’, a loan scheme for women to take up new ventures or for expanding/modifying the existing enterprises. This scheme provides loan up to a maximum of ₹2 lakh with a repayment period of 60 months.
Quoting S Ravindran, Chairman of KVGB, a press release said that the bank has a target of reaching out to 5,000 women entrepreneurs under the ‘Vikas She Plus’ scheme across nine districts of its jurisdiction by this fiscal-end.
The bank has disbursed loans amounting to ₹22 crore to about 2,500 women beneficiaries on the day of launch itself, he said.
Ravindran said that the bank had launched ‘Vikas Gruha Snehi’, a tailor-made product for the construction/renovation of kitchens last year. It had disbursed nearly ₹10 crore under the scheme.
He said the bank, which has 627 branches, will open 10 more branches before March 31.
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