GK Development Trust (GKDT) was founded in January 2010 with the purpose of furthering financial inclusion among Grameen Koota customers. A charitable trust, GKDT acts as Business Correspondent of Public and Private sector banks and opens savings accounts for Grameen Koota customers, providing many of these members with their first opportunity to save in a secure place. The first project of GKDT was to introduce mobile banking at three branches of Grameen Koota. This project enabled the members to open conveniently accessible accounts and allowed Grameen Koota to streamline its operations with a cashless system. GKDT also implements projects featuring alternative branchless banking systems in order to maximize the reach of financial inclusion among Grameen Koota customers.

Mobile Banking

 GKDT in partnership with mChek, Bank of India and GFSPL is providing mobile banking services to Grameen Koota members by enrolling them with SIMs linked to their Savings accounts through mChek technology. Using their SIMs, customers can also utilize a wide range of payment services, including loan repayments to Grameen Koota. Mobile banking helps Grameen Koota customers to have a safe place to save and an opportunity to earn interest on savings. GKDT also intends to introduce cost savings for the customers through reduced time spent in Grameen Koota meetings and in making other bill payments, as well as reduced transportation requirements for these activities.