Govt. 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: Asomi Jana Rhin Achani is a hassle free, easy documentation loan for purposes like small business activities / consumption.
Eligibility: This is an overdraft facility to the economically backward section of the society against their Basic Savings Bank (No Frill) Account. This is a kind of personal loan to the individual.
Loan amount: The maximum credit limit according to this scheme is Rs.500/-.