Karnataka Vikas Grameena Bank (KVGB), has bagged six national awards in different categories for outstanding achievement in enrolment of Atal Pension Yojana (APY) from the Pension Fund Regulatory and Development Authority (PFRDA). KVGB is one of the leading regional rural banks sponsored by Canara Bank Bank.
Bank chairman P. Gopi Krishna received the awards from PFRDA Chairman Supratim Bandyopadhyay at a summit held in Chennai. Mr Krishna said Atal Pension Yojana is a safety net for workers in the informal sector for getting a predefined pension after 60 years of age. So far, the bank had enrolled (cumulative) 2,64,817 accounts under the APY and in the last fiscal (2021-22) the bank had enrolled 58,603 accounts as against the target of 39,000, he said.
He also added that the KVGB was playing a pivotal role in implementing all the three social security schemes (PMJJBY, PMSBY, and APY) launched by the Central government and the bank’s priority was to ensure access to social security benefits for villagers and people from unorganised sectors continues along with other main banking activities.
The KVGB, serving nine districts, has a business turnover of ₹31,000 crores with a clientele base of nearly 90 lakh.