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 Head Office 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 for purchase of new tractor with or without tie up arrangement
Eligibility – Availability of minimum 3 acre agriculture land in the name of prospective applicant or Farmer.
Loan Amount – 75% of the cost of the Tractor as per quotation
Facility – Medium Term Loan
Repayment Mode – Half Yearly installments
Period of Loan – 7 years to 9 years
The bank offers many loans in order to support agriculture. It is also involved in offering personal loan to the farmers.