Assam Gramin Vikash Bank – AGVB Personal Loan Scheme

By | March 29, 2011

Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rural Banks sponsored by the United Bank of India in the state of Assam to form Assam Gramin Vikash Bank (AGVB).

The erstwhile RRBs amalgamated were Pragjyotish Gaonlia Bank (Established on 06-07-1976), Lakhimi Gaonlia Bank (Established on 29-07-1980), Cachar Gramin Bank (Established on 31-03-1981) and Subansiri Gaonlia Bank (Established on 30-03-1982).

Thus Assam Gramin Vikash Bank (AGVB) came into existence from 12th January 2006 covering the areas of operation of the pre-amalgamated RRBs. The bank has its Head Office at Guwahati.

Purpose: To meet the lawful personal expenses an individual this personal loan can be availed.

Eligibility: The following categories of people are eligible for the loan:

(i)            Salaried permanent employees of Government / Public Sector/Corporate Organizations with check off arrangement are eligible for the loan.

(ii)           Professional and Self Employed Persons like Architects, Engineers, Doctors, Lawyers, etc. with annual income not less than Rs.2.00 lakh are also eligible for this personal loan scheme.

Loan amount:

Salaried Persons :

i) Rs.60000/- or 6 months gross salary whichever is lower

ii) Where wife is a co-borrower Rs.1.00 lakh or 10 months gross salary

iii) Where wife is a co-borrower and working lady Rs.1.20 lakh or 12 month gross salary.

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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.

15 thoughts on “Assam Gramin Vikash Bank – AGVB Personal Loan Scheme

    1. Kiran Castelino

      Dear Mahabir,

      Thank you for contacting BankBazaar! We would be happy to help you find the perfect Home Loan.

      Please email support@bankbazaar.com with your requirement and we will get back to you. You can also call us on +91 44 66511800 (Monday-Saturday from 9AM to 6PM) or add us on WhatsApp (+91 98848 08231).

      Cheers,
      Team BankBazaar

      Reply
    1. Team BankBazaar

      Hi There,
      Thanks for writing to us. You can read about more loan schemes here. Keep reading our blog for the latest on personal finance.

      Cheers,
      Team BankBazaar

      Reply
    1. Team BankBazaar

      Hi Mriganka, You can check your eligibility for a Personal Loan by clicking here. Cheers, Team BankBazaar

      Reply
    1. Team BankBazaar

      Hi Ripon Das,

      You can check your eligibility for a Personal Loan here.

      Cheers,
      Team BankBazaar

      Reply
  1. Jagish

    Dear Sir
    i am Jagish
    mai hamare yaha main ak Supermarket Kholna cahta hu. so mujhe Thora Money ki jarurat hain. so plz Help me Sir.

    Reply
    1. Team BankBazaar

      Hi Jagish,

      You can check your eligibility for a Personal Loan here.

      Cheers,
      Team BankBazaar

      Reply
    1. Team BankBazaar

      Hi Imdadul hussain,

      We are not sure what your query is. Please let us know in detail so we can help you.

      Cheers,
      Team BankBazaar

      Reply

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