KVG Bank bags Six National Awards for APY enrollment

5:27 PM, Saturday, May 14th, 2022

Mangaluru : Karnataka Vikas Grameena Bank (KVGB) one of the leading Regional Rural Banks sponsored by Canara Bank Bank has bagged Six National Awards in different Categories”) for outstanding achievement under enrolment of Atal Pension Yojana (APY) from Pension Fund Regulatory and Development Authority (PFRDA). Mr. P Gopi Krishna, Chairman, KVGB received the Awards from Mr. Supratim Bandyopadhyay, Chairman, PFRDA in a Summit held at Chennai on Friday.

Mr. P Gopi Krishna, Chairman, KVGB, Expressing his happiness over receiving the Awards said that Atal Pension Yojana is a safety net for workers in the informal sector for getting pre-defined pension after 60 years. So far the Bank has enrolled (Cumulative) 264817 accounts under APY. In the last financial year itself (During 2021-2022) the Bank has enrolled 58603 accounts against the target of 39000.

He also said that KVGB is playing a pivotal role in implementing all the three social security schemes (PMJJBY, PMSBY & APY) launched by central Government and the Bank’s priority to ensure access to social security benefits to villagers and people from unorganized sectors continues along with other main banking activities.

Karnataka Vikas Gramena Bank having 9 district jurisdictions has a business turnover of 31000 Cr with a clientele base of nearly 90 lakhs.

Mr. A G Das, Executive Director, PFRDA, Mr. Deepak Mohanty, whole time member, PFRDA and others were present.

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