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: For construction of rural godowns this loan facility can be utilized.
Eligibility: Agricultural graduates, farmers, individuals, or groups can avail this loan.
Quantum of loan: The quantum of loan will depend on the metric tonne capacity of the godown. There would be up to 50% subsidy on the principle loan amount.
Margin: There is a margin of 25% for this personal loan.
Repayment: The repayment period is a maximum of 7 years.