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 establish slaughter Houses and processing Facilities in Rural Areas
Eligibility: Any company, partnership firm, NGO and individual entrepreneur
Quantum of Loan: Under the scheme a back ended capital subsidy@ 50% of the total financial outlay of the project with the upper ceiling based on the type of unit and capacity ranging from Rs.30.00 lakh to Rs.200 lakh
Implementing agency: Department of Animal Husbandry, Dairying and Fisheries, GOI and NABARD