Date:04/10/2004 URL: http://www.thehindubusinessline.com/2004/10/04/stories/2004100402181300.htm

Back Andhra Bank, SBI, SBH bag KVIC awards

Our Bureau

Hyderabad , Oct. 3

ANDHRA Bank, State Bank of India (SBI) and State Bank of Hyderabad (SBH) have bagged the awards set up by the Khadi and Village Industries Commission (KVIC).

The Commission has for the first time set up awards for the best banks that were successfully funding maximum number of projects under the Rural Employment Generation Programme (REGP).

These awards were given away by the former Prime Minister, Mr P.V. Narasimha Rao, here on Saturday .

Speaking on the occasion, the KVIC State Director, Mr K. Mohan Rao, said 779 village industry projects were financed in 2002-03, while 879 projects were financed in 2003-04 under the REGP scheme in Andhra Pradesh.

According to him, the village industry units generated employment opportunities to 8,181 artisans during 2002-03 and to 16,272 artisans during last fiscal.

Mr Rao said KVIC has allocated Rs 17.43 crore as margin money for AP for the current fiscal, which is the second highest sanction in the country followed by Uttar Pradesh.