Karnataka Grameena Bank Wins National Award for SHG Linkage

SHG-Bank Linkage Success Earns Karnataka Grameena Bank Top Honour

Karnataka Grameena Bank has received the National Award for Outstanding Performance in Self-Help Group (SHG) Bank Linkage for 2024–25. The recognition by the Union Ministry of Rural Development highlights its role in advancing financial inclusion and rural empowerment.

Award Recognition and Event

The award was presented during the National Conference on Financial Literacy and Capacity Building, held alongside the 25th Central Level Coordination Committee meeting in Hyderabad. The honour reflects sustained institutional efforts in promoting inclusive banking practices.

Contribution to SHG Movement

Karnataka Grameena Bank has significantly strengthened the SHG-Bank linkage programme by extending credit worth ₹2,835 crore to more than 80,000 self-help groups. This initiative has improved access to formal finance for rural households, particularly empowering women through entrepreneurship and income-generating activities.

Alignment with National Rural Livelihood Mission

The bank’s initiatives align with Deendayal Antyodaya Yojana National Rural Livelihood Mission, which focuses on poverty reduction through community institutions. By facilitating credit access and capacity building, the bank contributes to strengthening rural livelihoods and enhancing economic resilience.

Institutional Strengthening and Future Outlook

The consolidation of regional rural banks under the “One State – One Rural Bank” policy has improved operational efficiency and outreach in Karnataka. The recognition reinforces the bank’s commitment to expanding inclusive financial services and supporting sustainable rural development.

Exam-Focused Points

• Award: National Award for SHG-Bank Linkage (2024–25)

• Winner: Karnataka Grameena Bank

• Credit extended: ₹2,835 crore to 80,000+ SHGs

• Scheme: DAY-NRLM (poverty alleviation & SHG support)

• Policy: One State – One Rural Bank

• Focus: Financial inclusion & women empowerment