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 investment credit to farmers and to implement the schemes depending upon the need of the farmers in their area of operation
Eligibility: The following schemes are eligible for the loan:
Dairy Farming (Pala Dhara), Sheep Rearing, Heifer Calf Rearing, Ram lamb Rearing, Pragathi Farm Mechanisation, Kisan Pumpsets, Horticulture and Orchards, Bio-Diesel, Land Purchase Scheme, Agri Business & Agri Clinics, Pragathi Jalaraksha, Sericulture, Fisheries, Rural Godowns, Bio-Gas, Organic Farming, Vermiculture and Vermicomposting, Venture Capital, Cold Storage, Milk Chilling Centres, etc
Quantum of Loan: As per the terms of the bank