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 meet the financial requirements for purchase of power driven vehicles i.e. Auto Rickshaws, Van, Boat, Lorry, Truck, Cabstar, Cars etc.
Eligibility: An individual or an association of not more than 6 persons propose to own and operate by himself or themselves as the case may be are eligible for the loan.
Quantum of Loan: Finance is restricted to 75% of the cost
Rate of Interest:
| Particulars | ROI |
| Up to Rs.3.00 lakhs | 14.00 % |
| Above Rs.3.00 lakhs | 15.00% |
Security: Security for the loan up to Rs.5.00 lakh is by hypothecation of vehicle to be purchased and for the loan amount above Rs.5.00 lakh requiring mortgage of immovable property worth 100% of loan amount apart from hypothecation of vehicle purchased
Repayment: Repayment period is 3 to 5 years