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 »
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 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)… 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… 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 »
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… Read More »
Purpose: This loan provides financial assistance to farmers having Contract Broiler Farming arrangements. Construction of poultry shed, feed room and purchase of equipment etc. Eligibility: Existing and new poultry farmers with experience and having undergone training in poultry farming, with adequate land and water resources or SHGs possessing land in the groups’ name with… Read More »
Purpose: This loan finances farmers for mechanization process and also for minor irrigation schemes. Eligibility: This loan can be availed by farmers. Quantum of Loan: The maximum amount that is granted as loan depends on unit cost which is decided based on the crop pattern and the land holding of the applicant. … Read More »
According to recent press reports UCO Bank is expected to exceed its target of Rs 2.45-lakh crore business set in 2010-11. The bank officials said that the bank is expecting its credit to grow by 20 per cent and deposits by 18 per cent. Mr.Ajai Kumar, Executive Director of UCO Bank said that the bank… Read More »
Andhra Pradesh Grameena Vikas Bank was formed on 31st March 2006 following a merger of 5 banks with SBI sponsorship. Andhra Pradesh Grameena Vikas Bank with 524 branches has its headquarters in Warangal. Purpose: This loan finances personal needs like purchase of Agricultural equipment, purchase of livestock, maintenance of crops and repayment of outside debts… Read More »