HDFC Bank Ltd.

HDFC Bank, the second largest private sector bank in the country, has held a Grameen Mega Loan Mahotsava at Baramati in Maharashtra on April 20, 2012.

Till now, through this unique initiative, HDFC Bank has reached out to an estimated population of 62 lakh in 5000 villages (according to 2001 Census data) with viable finance products that help them meet credit needs and move into mainstream banking. In the last fiscal itself, the bank has hosted 500 such Loan Mahotsavas across the country.

The bank had launched the Grameen Mega Loan Mahotsava in July 2010 as part of its board-approved mandate to help 10 million families (40 million families) become self sufficient through its Viable Finance initiative. Typically at a Mahotsava, the Bank disburses a variety of loans such as financing for tractors, auto, two-wheelers, commercial vehicles and agriculture.