Kerala state cooperative bank is a scheduled bank in India.It is launched by pinarayi Vijayan.Its Supreme authority is general body. It consists of A class members,ex officials directors,and directors nominated by the government. The board of directors has 21 members of whom fifteen are elected by A class members of the bank.
Its headquarters is in Thiruvananthapuram. It has seven regional offices.kerala bank receives RBI approval. The new kerala bank will be the largest banking network in kerala. A large group of NRI keralites taking an active interest in depositing their money with kerala bank.
Kerala bank introduced a new loan scheme called kerala bank samara for infrastructure development of primary agricultural credit cooperatives.we will get Rs 5 lakhs loan from kerala bank. It does not need any type of collateral. This scheme is called KB suvidha plus.
The main aim of this scheme is to overcome the covid crisis. Those in crisis due to monsoon and covid 19 can apply .Micro ,small,and medium enterprises and bus owners in manufacturing, services and marketing can apply for this loan. This loan is also available to buyers of electric vehicles. It is available for 60 months at 9% interest rates. 4 % subsidy will be provided by the government. It is very useful to all people. Interest rate of this loan is 5% .