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 encourage commercial pig rearing by farmers/laborers to improve production performance of native breed through cross breeding by using selected animals of high performing breeds
Eligibility: Individuals, SHGs, NGOs are eligible for the loan.
Eligibility: Producer companies, partnership firms, corporations, NGOs, SHGs, JLGs, cooperatives and individual entrepreneurs
Quantum of Loan: Under the scheme a subsidy of 25% of the outlay (33.33% for SC/ST entrepreneurs) is being provided for certain activities of piggery like Pig breeding farms (20+4), max. outlay Rs.6.00 lakh); Pig rearing & fattening units ( 3+1, Max. outlay of 0.76 lakh)
Retail outlets (maximum outlay of Rs.10.00 lakh and facilities for live markets @ 2 per district, 50% of the outlay as back ended subsidy subject to a ceiling of Rs.2.50 lakh)
Implementing agency: Department of Husbandry, Dairying and Fisheries, Department of Animal Husbandry GOI and NABARD