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. It had 84 branches covering 6 tehsils and 21 blocks. 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. The bank offers loans such as home loan, personal loan, educational loan, agricultural loan etc.
Purpose – To provide loan for purchase of old/used tractor under Mahindra vishwas scheme to farmers.
Eligibility – Availability of minimum 3 acres irrigated agriculture land in the name of prospective applicant or farmer.
Loan Amount – 75% to 85% of the projected cost of the Tractor as per rating.
Facility – Medium Term Loan
Repayment Mode – Half Yearly installments
Period of Loan – 5 to 7 years