Karnataka Vikas Grameena Bank (KVGB) bags two Awards instituted by Skoch Group for the year 2016 for Inclusive Insurance.
Karnataka Vikas Grameena Bank (KVGB) bags two Awards instituted by Skoch Group for the year 2016 for Inclusive Insurance. Bank Chairman Mr.S Ravindran received the award from Sameer Kochhar, Chairman, Skoch Group during the 46th Skoch Summit held at New Delhi recently. Skoch Group is a Gurgaon based think tank dealing with socio-economic issues with a focus on inclusive growth since 1997. Bank’s involvement under Financial Literacy and Insurance, Highest Number of Lives Covered and Settlement, Financial Inclusion through Insurance and Innovative Marketing have been adjudged amongst the “ Top 100 Projects in India”.
The Bank, operating in nine districts of Karnataka covering 57 Talukas, has been able to reach maximum number of people, more particularly in rural area. Apart from regular banking activities, the bank is covering maximum customers of the Branch under the social security schemes , thereby providing insurance coverage considering the fact that “There is a close link between insurance and sustainable growth”.The Bank has covered nearly 33 lakh people under PMJJBY,PMSBY,PMJDY and Life Insurance.