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Current Affairs

‘Vikas Abhaya’—By Karnataka Vikas Grameena Bank

Current Affairs: Karnataka Vikas Grameena Bank(KVGB) which is a regional rural bank has launched ‘Vikas Abhaya’ a loan scheme to provide some relief to Micro, Small, and Medium Enterprise(MSME) borrowers.
‘Vikas Abhaya’—By Karnataka Vikas Grameena Bank 
  • The loan scheme is launched for those borrowers whose business activities are disrupted because of the COVID-19 pandemic in Dharwad, Karnataka.
  • The loan will be applicable for the existing MSME customers who have been regular as on February 29
  • A maximum loan of up to Rs 1 lakh will be provided and no collateral security is emphasized & is repayable within 36 months.

Static Part: 

  • HQ of KVGB: Dharwad Karnataka

Question:

Q.1 Which of the following bank has come up with the Vikas Abhaya loan scheme for MSMEs?
a. Andhra Pradesh Grameena Vikas Bank
b. Arunachal Pradesh Rural Bank
c. Jharkhand Gramin Bank
d. Karnataka Vikas Grameena Bank
‘Vikas Abhaya’—By Karnataka Vikas Grameena Bank ‘Vikas Abhaya’—By Karnataka Vikas Grameena Bank Reviewed by Neha Verma on May 01, 2020 Rating: 5

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