Union Bank of India had sponsored four RRBs in India out of which three were in U.P namely, Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya Gramin Bank. Samyut Khetriya Gramin Bank established on 6th Jan 1976, with its Head Office at Azamgarh. It covered 4 districts namely zamgarh, Mau, Gazipur and Ambedker Nagar with its 168 branches.
Gomti Gramin Bank was established on 30th March 1981 with its Head Office at Jaunpur. Kashi Gramin Bank was established on 28th July 1981 with its H.O. at Varanasi with a view to cater the need of rural and downtrodden people of Kashi, the oldest city of the world.
Purpose – To provide loan to non-salaried person such as professionals or businessman
Eligibility – Professionals and business man are eligible for the loan.
Loan Amount – The maximum amount of loan offered is Rs.2.00 lakh
Repayment Mode – The bank has offered its borrowers to repay the loan amount in monthly installment
Period of Loan – 3 to 5 Years
Type of Facility – Term loan