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 subsidized loan scheme of government to provide a house for rural.
Quantum of loan: This is a Credit cum Subsidy scheme for rural people with credit component of Rs. 40,000 and subsidy element of Rs. 10,000.
Eligibility: Annual income of the beneficiary should be Rs. 32,000 per annum. The beneficiary of the scheme is identified by Government agency.
Repayment: Repayment period of the home loan is 10 to 15 years, loan to be recovered before attainment of 60 years age of the beneficiary.