Karnataka Grameena Bank Wins National SHG-Bank Linkage Award 2024‑25

Current Context: Karnataka Grameena Bank (KGB) was honoured with the National Award for Outstanding Performance in SHG‑Bank Linkage 2024–25.

• The award was conferred on 23 March 2026 at Hyderabad during the National Conference on Financial Literacy and Capacity Building and the 25th CLCC Meeting.
• Union Rural Development Minister Shivraj Singh Chouhan presented the award, highlighting KGB’s role in rural empowerment.
• V.M. Rukmini Devi, General Manager of KGB, received the award on behalf of the bank.
• The recognition underscores KGB’s success in linking thousands of self‑help groups (SHGs) with formal banking, enabling credit access and livelihood opportunities for rural women.
• It also reflects the bank’s contribution to financial inclusion, poverty alleviation, and grassroots economic development in Karnataka and beyond.

Question:

Q.1 In March 2026 Karnataka Grameena Bank received the National Award for Outstanding Performance in which area?
a) Digital Banking Innovation
b) SHG-Bank Linkage
c) Agricultural Credit Expansion
d) MSME Financing

Answer: b) The award recognizes excellence in linking Self-Help Groups (SHGs) with formal banking systems to promote financial inclusion.