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 rural tourism sector
Eligibility: People involved in rural tourism activities and those with repaying capacity
Quantum of Loan: As per the terms of the bank
Others: The borrowers are usually from the rural areas like those near beaches, river banks, places of pilgrimage, parks, places of scenic beauty, offer scope for rural tourism of diverse kinds like Echo Tourism, Craft based tourism, Agri tourism, Folk/Art based tourism, etc. They provided a wide scope for extending credit by Banks.