KVG Bank sets Rs 800-cr loan target for MSMEs

Anil Urs Hubli | Updated on July 13, 2012 Published on July 13, 2012

Karnataka Vikas Grameena Bank (KVG Bank), a regional rural bank sponsored by Syndicate Bank, has set a target to disburse Rs 800 crore for the MSME (Micro, Small & Medium Enterprises) sector this fiscal.

According to Mr C. Sambasiva Reddy, Chairman, with a view to give thrust to the sector, the bank is currently holding ‘MSME Loan Mela’ campaigns in all the nine districts of its operation.

At a mela held at Dharwad and Hubli, the bank disbursed loans to the tune of Rs 11 crore to 675 beneficiaries.

Published on July 13, 2012
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