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: This housing loan scheme is designed to cater the needs of the persons who do not have recorded / verifiable income to be implemented in urban and Semi-Urban areas
Eligibility: People who do not have recorded / verifiable income to be implemented in urban and Semi-Urban areas
Quantum of Loan: Maximum loan amount of Rs.5.00 lakhs subject to 80% of the estimated construction or valuation of ready built house will be considered under the scheme. For repairs/renovations, loan up to Rs.2.00 lakhs in urban areas and up to Rs.1.00 lakh in Semi Urban areas will be considered
Rate of Interest:
| Particulars | ROI % |
| Up to repayment period of 5 years | 10.50 |
| Above 5 years & up to 10 years | 11.00 |
| Above 10 years | 11.50 |
Security: Security is mortgage of house site and building to be constructed thereon / ready built house to be purchased