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 for studies in India and Abroad
Eligibility: Students who have got admission in reputed institutions are eligible
Quantum of Loan: Maximum loan amount for studies in India is Rs.10.00 lakhs and for studies in abroad is Rs.20.00 lakhs
Rate of Interest:
| Particulars | ROI |
| Up to & inclusive of Rs.4.00 lakhs | 13.00% |
| Above Rs.4.00 lakhs | 14.50% |
Security: No security up to Rs.7.50 lakhs and collateral security of 100% of loan amount for the loans above Rs.7.50 lakhs
Repayment: Repayment for these loans is 5 to 7 years commencing from 1 year/6 months after completion of course or on securing the job whichever is earlier.