- Karnataka Grameena Bank (KGB) has been honoured with a national award for its outstanding performance in the Self-Help Group (SHG) for the year 2024-25 by the Union Rural Development Ministry.
- Union Minister for Rural Development Shivraj Singh Chouhan presented the award to the bank’s General Manager, V.M. Rukmini Devi.
- The award was presented at the National Conference on Financial Literacy and Capacity Building and the 25th Central Level Coordination Committee meeting in Hyderabad.
Key Highlights of the Achievement:
- Recognized for excellence in SHG financing
- Strong support for women-led self-help groups
- Contribution to rural entrepreneurship
- Expansion of banking services in underserved areas
Impact on Rural India:
- Improved access to banking services
- Increased income opportunities
- Boost to micro-enterprises
- Greater financial independence for women
Karnataka Grameena Bank (KGB) – Overview
- Established: 2013 (amalgamation of regional rural banks)
- Headquarters: Ballari
- Sponsored by: Canara Bank
- Type: Regional Rural Bank (RRB)
What is SHG?
- A Self-Help Group (SHG) is a small group (10–20 people, mostly women) who save money regularly and lend among themselves.
What is SHG Bank Linkage?
The SHG-Bank Linkage Programme is a flagship initiative that connects self-help groups, especially women, with formal banking systems.
It promotes:
- Financial inclusion
- Access to credit
- Rural economic development