- Aryavart Gramin Bank
-
The Aryavart Gramin Bank (Hindi: आर्यावर्त ग्रामीण बैंक) (Urdu: اریارت گرامین بنک) (AGB) was established by Government of India Notification F No. 1/4/2006-RRB dated 3 October 2006 , as a result of the amalgamation of three smaller Regional Rural (Gramin) banks namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank. It currently has 301 branches[1] in rural areas of Uttar Pradesh, around Lucknow. It functions under Regional Rural Banks’ Act 1976 and is sponsored by Bank of India. In 2008 the bank held customer deposits of £285 million.[2]
Contents
Bank structure
Head Office of the Bank is situated at Lucknow,[3] the capital of Uttar Pradesh. Regional Offices of the Bank are –
- Barabanki I,
- Barabanki II,
- Hardoi,
- Farrukhabad,
- Kannauj and
- Unnao.
Area of operations
The Bank operates in 6 districts namely
- Lucknow,
- Barabanki,
- Farrukhabad,
- Hardoi,
- Kannauj and
- Unnao
in the state of Uttar Pradesh.
Branches
The Aryavart Gramin Bank, has 301 branches, one extension counter.
District Controlling Office No. of Branches Barabanki Regional Office Barabanki I 92 Farrukhabad Regional Office Farrukhabad 46 Hardoi Regional Office Hardoi 54 Kannauj Regional Office Kannauj 35 Lucknow Regional Office Barabanki II 20 Unnao Regional Office Unnao 55 Schemes
Following are schemes being run by the bank[4] :
- Rural Housing Finance Scheme
- Solar Home Lighting System
- General Credit Cards
- Vermi Compost Hatchery Unit Scheme
- Farm Mechanisation
- Financial Assistance To Farmers For Purchase Of Two Wheelers
- Financial Assistance To Farmers For Purchase Of Land For Agriculture Purpose
- Education Loan
- Scheme For Solar Water Heater System
- Kisan Credit Card
- Advance Against Insurance Policies
- Financial Assistance For Mediclinics For Qualified Medical Practitioners
- Housing Loan
- Scheme Of Agriculture Graduates For Establishing Agri Clinics And Agri Business
- Amra Krishak Card
- Capital Investment Subsidy Scheme Of Rural Godowns / Cold Storage
- Financial Assistance Against Storage Receipt
- Kisan Credit Card For Tenant Farmers / Oral Lessees / Joint Liability Groups (Jlgs)
- Small Road Transport Operator Scheme
- Swarojgar Credit Card Scheme
- Annapurna Scheme – A Consumer Loan Scheme For Salaried A/C Holders
- Acharyhit Yojna – Scheme For Retired Teachers
- Mahila Udyami Credit Card
- Grah Laxmi Yojna For Women
- Kisan Samadhan Card
Awards
On 19 June 2008 Aryavart Gramin Bank received Ashden Award 2008.[5] This award was for an innovative scheme to make available finance for Solar Home Lighting Systems (SHS) with a slogan "Ghar Ghar Me Ujala" (Light in every house) mainly to provide ambient light at home to improve living standard, education, health and welfare of the people residing in rural, semi urban and even in urban areas beset with frequent power cuts.
Erstwhile Banks
Avadh Gramin Bank
The erstwhile Avadh Gramin Bank was constituted on 7 June 1977 under Regional Rural Banks’ Act 1976 vide Government of India’s notification no. F-1/77-RRB (III) dated 7 June 1977 as Hardoi-Unnao Gramin Bank. The name was subsequently changed to Avadh Gramin Bank on 4 December 1987 vide Government of India’s notification no. F 1-27/84-RRB dated 4 December 1987. It had 120 branches at the time of amalgamation on 3 October 2006.
Barabanki Gramin Bank
The erstwhile Barabanki Gramin Bank was constituted on 26 March 1976 under Regional Rural Banks’ Act 1976 vide Government of India’s notification no.dated 26 March 1976. It had 92 branches at the time of amalgamation on 3 October 2006.
Farrukhabad Gramin Bank
The erstwhile Farrukhabad Gramin Bank was constituted on 29 March 1976 under Regional Rural Banks’ Act 1976 vide Government of India’s notification no. F 4-90/75-AC(I) dated 29 March 1976. It had 81 branches and 1 extension counter at the time of amalgamation on 3 October 2006.
See also
- List of banks in India
- List of regional rural banks in Uttar Pradesh
References
Categories:- Economy of Uttar Pradesh
- Regional rural banks of India
- Companies based in Uttar Pradesh
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