KVIC awards for Andhra Bank, SBI, SBH

Hyderabad: Andhra Bank, State Bank of India (SBI) and State Bank of Hyderabad (SBH) have bagged awards by the Khadi and Village Industries Commission (KVIC) 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 former prime minister PV Narasimha Rao, in Hyderabad on Saturday .

Speaking on the occasion, the KVIC state director, K Mohan Rao, said that 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.

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.