Karnataka Vikas Grameena Bank (KVGB), a regional rural bank sponsored by Syndicate Bank, will observe the MSME (micro, small and medium enterprises) credit campaign in all its 525 branches in nine districts of Karnataka during September 15-21.
A statement by the Mangalore regional office of KVGB said here that there would be a minimum of four ‘gram sabhas’ by each branch at different places within its area of operation during the period.
The ‘gram sabhas’ are aimed at creating awareness and at popularising MSME projects and finance options to those projects, it said.
P.L. Kudagi, Regional Manager of KVGB, Mangalore, told Business Line the bank will conduct MSME credit campaigns in 42 branches in these two districts during the period.
The bank has set a target of disbursing around Rs 20 crore of MSME credit in Dakshina Kannada and Udupi districts from September 15-21.
Sambashiva Reddy, Chairman of KVGB, will distribute the sanction letters to the beneficiaries in Dakshina Kannada and Udupi districts on September 14.
Nearly 400 beneficiaries are likely to get the benefit of this campaign in Dakshina Kannada and Udupi districts, he said.
vinayak.aj@thehindu.co.in