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: The Kisan Credit Card finances farmers for cultivation of different crops cultivated.
Eligibility: This loan is granted to farmers.
Quantum of Loan: The maximum amount that is granted as loan is amount required for two consecutive crops. The amount that can be withdrawn each season is limited.
Rate of Interest: The rate of interest may vary from 7% to 13% per annum.
Repayment: The credit is extended for 3 years with annual basis review. Each sublimit should not be outstanding for more than 12 months.