Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts namely Kadapa, Kurnool, Ananthapur, Nellore and Prakasam.
It offers special loan schemes to farmers. Its credit basket includes agricultural loans, loans to farmers, produce loans, priority sector loans, non- priority loans, education loan, home loan, personal loans etc.
The Bank has five Regional offices with its Head quarters at each district Head Quarters. The Bank has 385 branches and 3 Extension counters. The Bank is catering to the needs of Rural Poor mainly and to all other sectors also. The Bank has been playing a pivotal role in economic development of its operational area by outreaching the people in the countryside. The Bank stood First in earning Net profit of Rs.130 Crore as on 31.03.2011 among all RRBs in the country.
Purpose: To promote modern dairy farms, to encourage heifer calf rearing and to generate self employment and provide infrastructure mainly for un-organized sector
Eligibility: Farmers, Individual entrepreneurs, NGOs, companies, SHG, Dairy Coop societies, Milk unions, Milk federations etc
Quantum of Loan: 25% of the outlay (33.33% for SC/ST farmers) as back ended subsidy, subject to the maximum ceiling prescribed to various type of units/Activities.
Implementing agency: Department of Animal Husbandry, Dairying and Fisheries, GOI and NABARD