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 Provide Interest Subsidy (CSIS) On Educational Loans Taken By Students from Economically Weaker Sections (EWS)
Eligibility: The scheme would be applicable only for studies recognized Technical / Professional courses in India. The benefits of the scheme would be applicable to those students belonging to EWS with an annual gross parental / family income upper limit of Rs.4.50 lakh per year
Repayment: The interest payable by the student belonging to EWS for availing Educational loans for the period of moratorium i.e., course period plus one year or six months after getting Job whichever is earlier
Others: The scheme shall be implemented through Canara Bank, which is the Nodal Bank for the scheme. However, the student can apply under the scheme only through branch where education loan is availed.