Aryavart Gramin Bank – Amra Krishak Card

By | May 1, 2011

Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006.

The Aryavart Gramin Bank, henceforth mentioned as the Bank, has 306 branches, six Regional Offices and a Head Office. The bank offers home loan, personal loan, agricultural loan, educational loan etc in order facilitate the customers in rural and semi urban areas

Purpose                      – Financial assistance for mango production and marketing

Eligibility                     – Mango growers having mango orchards

Amount Of Loan         – According to scale of finance and land holding.

Margin                         – NIL

Rate Of Interest        – 7% up to Rs. 3,00,000 (wherever 3% interest subvention is available), 9% up to Rs. 50,000 (wherever 3% interest subvention is not available), 12% above Rs.50,000 (wherever 3% interest subvention is not available)

Repayment                 – for crop production – after harvesting and marketing of crop; for setting up new orchards – In 13 years including moratorium period of 8 years; for rejurivation of old orchards –in 8 years including moratorium period of 3 years; for Nursery –In 7 years including moratorium period of 2 years.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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