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: This loan scheme finances SHGs and its members.
Eligibility: Loan to the SHGs functioning satisfactorily & efficient to take up economic activities
Loan amount: There is a Government subsidy up to the extent of 50% of scheme. The loan amount subject to the maximum Rs.1.25 lakh is available Asomi Grihashree Achani which is a loan for construction of house.