Karnataka Grameena Bank Wins National SHG-Bank Linkage Award
Why in the news
Karnataka Grameena Bank was honoured on 25 March 2026 for its work in linking self-help groups (SHGs) with bank credit during 2024-25. The award came from the Ministry of Rural Development.
Key facts
- Award: National Award for Outstanding Performance in SHG-Bank Linkage 2024-25.
- Credit: Rs 2,835 crore to 80,904 SHGs.
- Venue: national conference on financial literacy and the 25th Central Level Coordination Committee meeting, Hyderabad.
- Presented by: Union Minister Shivraj Singh Chouhan; the bank’s General Manager V. M. Rukmini Devi received it.
- Scheme link: DAY-NRLM.
About Karnataka Grameena Bank
| Item | Detail |
|---|---|
| Type | Regional Rural Bank |
| Formed | 1 May 2025 |
| Merged banks | Karnataka Gramin Bank and Karnataka Vikas Grameena Bank |
| Sponsor bank | Canara Bank |
| Headquarters | Ballari, Karnataka |
The merger followed the government’s One State – One RRB policy, which folds several regional rural banks of a state into one entity.
Exam angle
- Link the award with DAY-NRLM, the rural livelihoods mission that organises women into SHGs.
- Remember the HQ (Ballari) and the sponsor bank (Canara Bank).
- The One State – One RRB policy is a common static-plus-current question.