Grameen Banks in Karnataka: A Study of Pragathi Krishna Grameena Bank

Abstract

Institutional credit refers to the funds made available by Cooperative Societies, Commercial Banks and Regional Rural Banks. In the field of co-operation, the Primary Agricultural Credit Societies (PACs) provide mainly short- and medium-term loans and Land Development Banks (LDBs) provide long term loan to the agricultural sector. Commercial Banks including Regional Rural Banks (RRBs) provide both short- and long-term loans for agriculture and allied activities. Pragathi Krishna Grameena Bank with Head Office at Bellary came into existence on 23rd August 2013 with the amalgamation of 2 RRBs. viz. erstwhile PragathiGrameena Bank (sponsored by Canara Bank) with Head Office at Bellary and erstwhile Krishna Grameena Bank (sponsored by State Bank of India) with the Head Office at Gulbarga. The study had two bjectives viz. to study the role ofGrameena Banks in rural credit and to analyze the performance of Pragathi Krishna Grameena Bank. Secondary data was used to analyze the performance of Pragathi Krishna Grameen Bank. The data collected was analyzed and presented in systematic and scientific manner. Tabular and Graphical representation of the data has been made wherever necessary. Percentage, Average, Annual Growth Rate, CAGR, Standard Deviation, Co-efficient of Variation and other relevant test like Augmented Dicky Fuller Test (ADFT) has been made for scientific analysis and drawing inferences.