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 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 provides finance marketing the produce.
Eligibility: This personal loan can be availed by any individual with sufficient repayment capacity.
Quantum of Loan: The maximum amount that is granted as loan is Rs. 10 lakhs. The amount of loan is decided based on the state / government ware house receipts where the produce is stocked.
Repayment: The loan has to be repaid in a maximum of 12 equated monthly installments.