Gurgaon Gramin Bank is a Regional Rural Bank, sponsored by Syndicate Bank having its Head Office at Gurgaon. It came into existence in the year 1976, and has operations in almost seven districts. The Bank is among the first RRB in the country under various financial parameters. The bank is also having its own Head Office building at Institutional Area in Gurgaon with State of Art technology.
Bank is serving rural clients and has attained a leading position in extending micro credit through linkage of SHGs and also by providing Bank finance to Women beneficiaries. It has popularized the KCC Scheme in the Command Area. The bank is also having a Tie-up arrangement with 166 Companies or Corporate providing personal loan, House Building Loans, Vehicle Loans & Educational Loans.
Purpose – Providing Credit Cards to Small Artisans, Handloom Weavers, Service Sector, Rural Artisans, and Handicraftsmen, Fishermen & Self Employed persons, Rickshaw owners and other Micro Entrepreneurs.
Quantum of Loan – Rs.25, 000/- per borrower as composite loan
Rate of Interest – 10.00% per annum
Security – Hypothecation of machinery, equipment’s, assets created out of finance or equitable mortgage of property
MARGIN – 10% of the Loan amount