Punjab Gramin Bank came into existence on 12.09.2005 after the amalgamation of three erstwhile Regional Rural Banks of Punjab State namely, Kapurthala Firozpur Kshetriya Gramin Bank, Shivalik Kshetriya Gramin Bank & Gurdaspur Amritsar Kshetriya Gramin Vikas Bank. It offers home loan, personal loan, vehicle loan, business loan, agricultural loan, education loan etc.
The bank is also giving technical and financial guidance to the farmers by organizing “Kisan Goshties” and forming Kisan Clubs. The area of operation of the bank extends to 11 districts of state of Punjab.
Purpose – Financial assistance is made available for meeting: Fixed cost such as Construction of honey houses; purchase of colonies; purchase of equipments like bee-boxes, honey extractors, smokers & bee veil, bee knife, hive tool, queen gate, feeder, solar wax extractor, plastic drums for storing honey, sting proof rubber gloves, etc.
Recurring Costs such as purchase of foundation sheets, sugar, medicines, gloves, etc.
Eligibility – Small and marginal farmer(s)/ agricultural laborers(s) who are trained in bee keeping and individuals/Association of persons/Companies who possess adequate experience in bee-keeping and are desirous of taking up bee-keeping activity on commercial basis.
Extent & Nature Of Loan- Need based term loan. Provision for initial recurring costs also forms an integral part of term loan only
Repayment Of Loan – Maximum 5 years including gestation period