Gramin Bank of Aryavart

The Aryavart Bank (AB) is an Indian Regional Rural Bank (RRB) in Uttar Pradesh established on 1 April 2019.[1] The bank was formed by the amalgamation of Gramin Bank of Aryavart and Allahabad UP Gramin Bank. It currently has 1365 branches and 22 regional offices[2] in rural areas of Uttar Pradesh, around Lucknow. It functions under Regional Rural Banks' Act 1976 and is sponsored by Bank of India.Allahabad UP Gramin Bank and Gramin Bank of Aryavart are mergering with name Aryavart Bank e.r.f 01.04.2019. It is under the ownership of Ministry of Finance , Government of India.

Aryavart Bank
TypeRegional Rural Bank
IndustryFinancial
Regional Rural Banks
Founded1 April 2019 (2019-04-01)
Headquarters,
Area served
Uttar Pradesh
Key people
Chairman: Shri. Amithabh Banarjee
OwnerGovernment of India (50%) Government of Uttar Pradesh (15%) Bank of India (35%)
ParentMinistry of Finance , Government of India
Subsidiaries
  • Gramin Bank of Aryavart
  • Aryavart Kshetriya Gramin Bank
  • Aryavart Gramin Bank
  • Kshetriya Kisan Gramin Bank
  • Shreyas Gramin Bank
Websitearyavart-rrb.com

Bank structureEdit

The Head Office is located at Lucknow.[3] There are over twenty regional offices. The Aryavart Bank is operating in 26 districts namely Agra, Aligarh, Ayodhya, Bahraich, Banda, Barabanki, Chitrakoot, Etah, Farrukhabad, Firozabad, Hamirpur, Hardoi, Hathras, Jalaun, Kannauj, Kasganj, Lakhimpur, Lucknow, Mahoba, Mainpuri, Mathura, Mirzapur, Shravasti, Sitapur, Sonbhadra and Unnao in the State of Uttar Pradesh with a network of 1365 branches & 23 regional offices.

Area of operationsEdit

The Aryavart Bank has the unique distinction of having had as many different RRBs earlier functioning in different parts of Uttar Pradesh, merged with it at various points of time. The bank operates in over 25 districts.

SchemesEdit

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

AwardsEdit

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.

Subsidiaries[6]Edit

Aryavart Kshetriya Gramin BankEdit

This bank was constituted on 1 October 2012 after amalgamation of two RRBs Aryavart Gramin Bank and Kshetriya Kisan Gramin Bank.

Aryavart Gramin Bank was sponsored by Bank of India while Kshetriya Kisan Gramin Bank was sponsored by UP Cooperative Bank Limited Lucknow.

Aryavart Gramin BankEdit

This 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.

See alsoEdit

ReferencesEdit

  1. ^ Govt of India Notification F.No. 338 dated 25-01-2019.-RRB(UP-1) dated 25 January 2019
  2. ^ Srivastava, Utkarsh. "Gramin Bank of Aryavart – About GBA". Aryavart-rrb.com. Retrieved 29 July 2018.
  3. ^ Srivastava, Utkarsh. "Gramin Bank of Aryavart – About GBA". Aryavart-rrb.com. Retrieved 29 July 2018.
  4. ^ "Schemes – Aryavart Bank". Aryavart-rrb.com. Retrieved 29 July 2018.
  5. ^ "International winners 2008 | the Ashden Awards for Sustainable Energy". Archived from the original on 25 December 2008. Retrieved 20 February 2009.
  6. ^ "Aryavart Bank - About AB". aryavart-rrb.com. Retrieved 21 October 2022.