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 – Scheme is targeted at retail or whole sale trading to meet the marketing capital need.
Eligibility – Borrower should be in a possession of related registration or license under law.
Quantum of loan – The minimum amount is Rs.2.00 lack and the maximum loan amount provided is Rs.500 lakh
Repayment Mode – As per project requirement
Period of Loan – 1 year to 5 years
Type of Facility – Term loan, Cash credit limit