Andhra Pradesh Grmeena Vikas Bank – Laghu Vikas Swarojgar Credit Card

By | June 24, 2011

The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan, personal loan, education loan, agricultural loan, business loan etc.

Purpose The loan is offered for any scheme or project that generates income or employment is eligible under the scheme.

Type of loan A composite loan or term loan or working capital loan

Eligibility –           The following are eligible for the loan

a) Small artisans

b) Handloom weavers

c) Fishermen

d) Self employed persons

e) Rickshaw owners and other micro entrepreneurs.

(Farm Sector activities like dairy, fishery, sheep rearing etc., can also be covered)

Quantum of Loan –           Up to Rs 50,000/-

Disbursements –           Direct to Supplier

Repayment –           Five years for term loans

Insurance –           Will be covered under PAIS

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About Pradeep Yuvaraj

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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