Considering the emerging financial needs of people in the backdrop of the pandemic, Karnataka Vikas Grameena Bank has launched a new gold loan scheme “Vikas Laghu Suvarna’, slashing its gold loan interest rates.
Launching the new scheme in Dharwad on Friday, KVG Bank chairman P. Gopal Krishna said the new scheme with interest rate as low as 7.25% had been launched to cater to customers who required easy and affordable credit.
Mr. Krishna said that as gold loans were easy to get during emergences with minimal procedure, they were still popular among customers. Under the new scheme, 80% of the market value would be given to the customers subject to a maximum of ₹3,200 per gram and a maximum loan of ₹15 lakh would given. At present, the bank had ₹410 crore under gold loan portfolio with a target of disbursing minimum ₹100 crore further before December 31, he said.
General Managers Chandrashekhar D. Moro, P. Nageswara Rao, and B.C. Ravichandra, Chief Manager V.V. Yaji and others were present.
You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in
Show Less Plan
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Faster pages
Move smoothly between articles as our pages load instantly.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Personalised recommendations
A select list of articles that match your interests and tastes.
Briefing
We brief you on the latest and most important developments, three times a day.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
