Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rur…
Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rural Banks sponsored by the United Bank of India in the state of Assam to form Assam Gramin Vikash Bank (AGVB).
The erstwhile RRBs amalgamated were Pragjyotish Gaonlia Bank (Established on 06-07-1976), Lakhimi Gaonlia Bank (Established on 29-07-1980), Cachar Gramin Bank (Established on 31-03-1981) and Subansiri Gaonlia Bank (Established on 30-03-1982).
Thus Assam Gramin Vikash Bank (AGVB) came into existence from 12th January 2006 covering the areas of operation of the pre-amalgamated RRBs. The bank has its Head Office at Guwahati.
Purpose: To meet the lawful personal expenses an individual this personal loan can be availed.
Eligibility: The following categories of people are eligible for the loan:
(i)Salaried permanent employees of Government / Public Sector/Corporate Organizations with check off arrangement are eligible for the loan.
(ii)Professional and Self Employed Persons like Architects, Engineers, Doctors, Lawyers, etc. with annual income not less than Rs.2.00 lakh are also eligible for this personal loan scheme.
Loan amount:
Salaried Persons :
i) Rs.60000/- or 6 months gross salary whichever is lower
ii) Where wife is a co-borrower Rs.1.00 lakh or 10 months gross salary
iii) Where wife is a co-borrower and working lady Rs.1.20 lakh or 12 month gross salary.