In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur.
Now area of operation of Uttar Bihar Gramin Bank are the districts of Araria, Katihar, Kishanganj, Darbhanga, East Champaran, Gopalganj, Madhepura, Madhubani, Muzaffarpur, Purnea, Saharsa, Saran, Sheohar, Sitamarhi, Siwan, Supaul, West Champaran and Vaishali in the state of Bihar. Uttar Bihar Gramin Bank sponsored by Central Bank of India, is one of the largest regional rural bank in India in terms of branch network, staff strength and area.
Purpose: This is a scheme for financing agricultural graduates to set up agri clinics and agro business as well as to supplement the existing network to promote the technology.
Eligibility: Agriculture graduates with sufficient capabilities to set up agri clinics and agro business can avail this personal loan.
Quantum of Loan: Maximum of 50% of the project cost is granted as loan. There is a margin of 20%.
Repayment: The repayment has to be done in 5 to 10 years.