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.