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.
Purpose: To offer financial assistance to the tenant farmers through Joint Liability Groups (JLGs) formed exclusively for tenant farmers or to the individual tenant farmers
Eligibility: Tenant farmers
Others: Since the system of tenant farming is prevalent in Andhra the bank ensures that the tenant farmers are not denied any credit for crop production purpose or other genuine productive activities and at least 2% of the bank’s crop production finance is extended to tenant farmers.