Karnataka Grameena Bank has been awarded National Award for Outstanding Performance in SHG–Bank Linkage (2024–25) by the Ministry of Rural Development. The award recognises the bank’s significant contribution to financial inclusion and rural livelihood promotion.
Key Highlights
| Aspect | Details |
| Award | National Award – SHG-Bank Linkage |
| Year | 2024–25 |
| Awarded by | Ministry of Rural Development |
| Occasion | National Conference & 25th CLCC Meeting |
| Venue | Hyderabad |
Recognition at National Level
- Award presented during:
- National Conference on Financial Literacy and Capacity Building
- 25th Central Level Coordination Committee (CLCC) Meeting
- The event brought together: Banks, Policymakers and Rural development stakeholders
SHG–Bank Linkage Performance
The bank was recognised for its strong performance in promoting Self-Help Group (SHG)–Bank Linkage Programme.
Key Achievements
| Indicator | Data |
| Total Credit Extended | ₹2,835 crore |
| Number of SHGs Supported | 80,904 |
Impact
- Improved: Access to credit and Financial inclusion
- Beneficiaries: Primarily women-led SHGs
- Supported: Livelihood generation and Rural entrepreneurship
What is SHG–Bank Linkage?
- A programme that connects: Self-Help Groups (SHGs) with formal banking system
- Enables Access to: Savings, Credit, Financial services
Importance
- Empowers: Rural poor, especially women
- Promotes: Micro-enterprise development and Financial inclusion
Alignment with Government Schemes
The bank’s work aligns with:
Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)
- Objective:
- Promote sustainable livelihoods
- Strengthen SHG ecosystem
- Focus: Women empowerment and Poverty reduction
Institutional Strengthening
- The bank benefited from: “One State – One Rural Bank” policy
Impact
- Improved:
- Operational efficiency
- Institutional capacity
- Enhanced ability to: Support regional development
Regional Rural Banks (RRBs)
- Established: 1975
- Purpose: Provide banking services in rural areas
- Regulated by: RBI & NABARD
SHGs (Self-Help Groups)
- Informal groups (10–20 members)
- Usually: Women-led
- Activities: Micro-enterprises, Savings, Credit
Financial Inclusion
- Ensures: Access to banking and financial services
- Key for: Inclusive growth and Poverty alleviation