Karnataka Vikas Grameen Bank sets up cell to monitor govt schemes

Our Bureau Mangaluru | Updated on January 19, 2018 Published on January 30, 2016

The Dharwad-headquartered Karnataka Vikas Grameen Bank (KVGB) has set up a separate cell for monitoring progress under all the government-sponsored schemes, according to Ashok Reddy, Chairman of the bank.

According to a press release from the bank here on Saturday, Reddy received the ‘runner-up’ award of the ‘ASSOCHAM Social Banking Excellence Award 2015’ under the ‘regional rural banks’ category in Mumbai on Friday. The Minister of State for Finance, Jayant Sinha, gave away the award to Reddy.

The cell at the head office in Dharwad monitors the progress of government-sponsored schemes such as the Pradhan Mantri Jan Dhan Yojana (PMJDY), the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the Pradhan Mantri Suraksha Bima Yojana (PMSBY), the Atal Pension Yojana (APY), the Credit Guarantee Fund and the MUDRA Yojana.

The bank has opened 10.30 lakh accounts covering all households with a bank account in its area of operation under PMJDY. He said 9.80 lakh RuPay cards have been issued to PMJDY account holders, and around 4,000 PMJDY account holders have been provided overdraft facility.

The bank has canvassed 2.80 lakh policies under PMJJBY, 8.90 lakh policies under PMSBY and 1,500 under APY schemes. It has financed 15,813 accounts under the Pradhan Mantri MUDRA Yojana amounting to Rs 125 crore during the campaign period, he said.


Published on January 30, 2016
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