KVG Bank rolls out phase II plan for intensifying rural lending

Karnataka Vikas Grameena Bank (KVG Bank), Dharwad-based regional rural bank, has rolled out second phase of rapid action plan for intensifying lending in rural areas.

Addressing the Grama Sabha at Hulikatti Village, Mr C. Sambasiva Reddy, Chairman, KVG Bank, said “Grama Sabhas are helpful in giving disseminating information relating to Kisan Credit Cards (KCC) and General Credit Cards (GCC) and other specific products designed by the banks to cater to the financially excluded segments especially small and marginal farmers.”

The bank is rolling out second phase of intensifying lending in rural areas according to the guidelines issued by the Department of Financial Services under the Union Ministry of Finance, and the sponsorer, Syndicate Bank.

Field survey

Field level officers' even executives and the Chairman of KVG Bank have begun visiting villages in the service area of the bank spread across 13 districts in North Karnataka and are holding Grama Sabhas. “During the visit to villages, our officers are surveying each house to find out if any one is left outs and arrangements are being made to take application on the spot for quick disbursement,” said Mr Reddy.

So far, KVG Bank has conducted 415 Grama Sabhas, disbursed nearly Rs 50 crore under second phase of rapid action plan in north Karnataka.

“In some villages our bank is organising ‘Padayatra' for ensuring that none of the farmers are left out and the implementation of this process is being closely monitored by us at Dharwad,” said Mr Reddy.

KVG Bank has designed innovative means/products to reach out to the poor and vulnerable sections of the society. Some of the loan products would have been redesigned considering the cash flow and credit requirements of the farmers as against the present system of single loan product also, said Mr Reddy.

While addressing the gathering Mr Suryakanta Ganga, Lead District Manager-Belgaum, said With an objective to ensure uniform progress in provision of banking services in all parts of the districts, banks are advised to draw up a specific roadmap for opening banking outlets in every unbanked village having a population of more than 2,000.

anil.u@thehindu.co.in