Malwa Gramin Bank is a project of State Bank of Patiala. The Bank was established on 27th Feb 1986. It is 100 % computerised on CBS platform. At present the Bank is operating in 371 villages with 53 branches and is operating in 5 Districts of Punjab.

The Bank has achieved tremendous growth in business during the year 2010-11. In bank’s deposits grew to the level of Rs. 563.84 crore with a net increase of Rs. 52.11 crore over 2009-10. The advances of the Bank grew to the tune of Rs. 471.62 crore, a net increase of Rs. 61.18 crore over 2009-10. The bank is mainly involved in offering help to the farmers in the rural areas; it offers home loan, personal loan, festival loans etc.

Purpose                      – The main purpose of the scheme is to fund the different festivals like Diwali, Gurpurab, Basakhi, Durga Puja etc.


Eligibility                     – The loan is offered for Government or Non-Government employees, Public or Private sector undertaking or corporation employees having the confirmed services of at least two years and off cheque Facility.


Loan Limit                  – 3 times the Basic salary of the employee, maximum of 25000/-


Rate of Interest         – Minimum of 14.0% (per annum)


Margin                         – No Margin


Security                      – Cheque of Facility, Third Party Guarantee which is acceptable to Bank


Repayment                 – 10 equated monthly installment

Pradeep Yuvaraj

About Pradeep Yuvaraj

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Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance.He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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