Government of India, Ministry of Finance announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank into a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. The bank was thus established on 01.03.2006. The Head Office of the new Bank is situated at Guntur, Andhra Pradesh. The bank ownership is shared between… Read More »
Purpose: This loan finances purchase of agriculture related implements. Quantum of Loan: The maximum amount that can be granted as loan is decided based on the unit cost of the project as decided by the governing norms of the bank. Margin: There is a margin of 15% to 25% in case of this loan. Rate… Read More »
Government of India, Ministry of Finance announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank into a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. The bank was thus established on 01.03.2006. The Head Office of the new Bank is situated at Guntur, Andhra Pradesh. The bank ownership is shared between… Read More »
Purpose: This loan finances transport operators related to agriculture. Eligibility: Agriculturists with land holding or part land holding are eligible for this loan. Loan can also be granted on joint name in case of the joint group holding the land. Quantum of Loan: The maximum amount that can be granted as loan is decided based… Read More »
Purpose: This demand loan finances pensioners for their personal expenses. Eligibility: Pensioners of all Central, State governments and PSUs whose pension accounts are maintained with the bank are eligible for this personal loan. Family pensioners having accounts with the bank (i.e., spouse who is authorized to receive pension after the death of the pensioner) can… Read More »
Purpose: This loan provides financial assistance in the form of a term loan to SHG Federations for lending to SHGs. Eligibility: The federation must be a primary federation at Village / Cluster Level and whose membership does not exceed 30 SHGs. It should have a clear track record of operations funded by itself for at… Read More »
Government of India, Ministry of Finance announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank into a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. The bank was thus established on 01.03.2006. The Head Office of the new Bank is situated at Guntur, Andhra Pradesh. The bank ownership is shared between… Read More »
Purpose This loan can be availed for any general purpose in the form of term loan or overdraft. Eligibility Any salaried person with a minimum net monthly income of Rs. 6.000/- or any other individual with a minimum net annual income of Rs.75, 000/- can avail the personal loan. Quantum of Loan The minimum amount… Read More »
According to a recent press report HDFC Bank, the second largest private sector bank in the country, has been acknowledged as the ‘Strongest bank in Asia-Pacific’. In a survey conducted by the Asian Banker magazine, the bank has won the honour, beating more than 50 banks across 13 countries in the Asia-Pacific region. As per… Read More »
Purpose: Providing hassle free housing loans to farmers and other rural dwellers to construct new house / repair / renovate/ extend existing house (not older than 15 years) including the cost of work shed leading to income generating activities such as dairy shed etc. Eligibility: All farmers, entrepreneurs, artisans, business people, employees etc (in the… Read More »