Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation …

Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006.

The Aryavart Gramin Bank, henceforth mentioned as the Bank, has 306 branches, six Regional Offices and a Head Office. The bank offers home loan, personal loan, agricultural loan, educational loan etc in order facilitate the customers in rural and semi urban areas.

Purpose- Financial assistance for setting up Agri Clinic and Agri Business centers for providing expert advice for better cropping practices, protection from pests and diseases, market trend and also clinical services for animal health.

Eligibility- Agriculture graduates or graduates in subject allied to agriculture, like veterinary, dairy, etc.

Amount 0f Loan -Rs.10 Lac

Quantum Of Loan- As per project cost.

Margin- No Margin up to Rs.5 Lakh, 25% above Rs.5 Lakh

Subsidy- 25% to 33.33% on capital investment (back ended), interest subsidy for two years

Rate of Interest- 12.50% per annum

Repayment- 5 to 10 years including moratorium period of maximum 2 years

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