Deccan Grameena Bank – Kisan Credit Card

By | March 29, 2011
2 Comments

The Bank was established by amalgamating four RRB’s Sponsored by State Bank of Hyderabad, viz. 1) Sri Saraswathi Grameena Bank, Adilabad 2) Sri Satavahana Grameena Bank, Karimnagar 3) Sri Rama Grameena Bank, Nizamabad and 4) Golconda Grameena Bank, Ranga Reddy (Hyderabad) with an aggregate net work of 215 branches.

The area of operation of the Bank covers the districts of Adilabad, Karimnagar, Nizamabad, Hyderabad and Ranga Reddy districts of Andhra Pradesh. The authorized share capital of the Bank is Rs.5 crores. The paid-up capital is Rs.4 crores which is contributed by Government of India, Sponsor Bank i.e. State Bank of Hyderabad & Government of Andhra Pradesh in the ratio of 50: 35: 15 respectively.

Purpose: This loan finances farmers for revolving credit card required for the crops.

 

Eligibility: Any farmer is eligible for the loan.

 

Quantum of Loan: The quantum of loan depends on the crop.

 

Repayment: The credit facility is extended for 3 years subject to annual review.

 

Others Features: There is a subsidized premium personal accident benefit for the borrower for year worth Rs. 50,000/-. Crop insurance is also available for some specified crops. Savings are also accepted on the loan accounts.

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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.

2 thoughts on “Deccan Grameena Bank – Kisan Credit Card”

    1. Team BankBazaar

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