Gramin Bank of Aryavart

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The Gramin Bank of Aryavart (Hindi: ग्रामीण बैंक ऑफ आर्यावर्त) (Urdu: اریارت گرامین بنک‎) (GBA) is a regional rural bank (RRB) in Uttar Pradesh established in 2013.[1] The bank was formed by the amalgamation of two RRBs namely Aryavart Kshetriya Gramin Bank and Shreyas Gramin Bank. It currently has 651 branches and 11 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.

Bank structure[edit]

Head Office of the Bank is situated at Lucknow,[3] the capital of Uttar Pradesh. Regional Offices of the Bank are –

  • Barabanki
  • Lucknow
  • Farrukhabad
  • Hardoi
  • Kannauj
  • Unnao
  • Mainpuri
  • Aligarh
  • Agra
  • Hathras
  • Etah

Area of operations[edit]

The Gramin Bank of Aryavart has the unique distinction of having had as many as 10 different RRBs earlier functioning in different parts of Uttar Pradesh, merged with it at various points of time. The bank is presently operating in 15 districts in the State :-

  • Lucknow,
  • Barabanki,
  • Farrukhabad,
  • Hardoi,
  • Kannauj,
  • Unnao,
  • Faizabad,
  • Mainpuri,
  • Firozabad,
  • Aligarh,
  • Etah,
  • Hathras,
  • KashiRam Nagar,
  • Mathura &
  • Agra

Schemes[edit]

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[edit]

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[edit]

Following are the erstwhile banks which at one time or another were amalgamated[6] into current Gramin Bank of Aryavart:

Aligarh Gramin Bank[edit]

The erstwhile Aligarh Gramin Bank was sponsored by Canara Bank and as of late 1996-97 had 91 branches covering all blocks of then Aligarh district. It was constituted on 22 March 1976 under Regional Rural Banks’ Act 1976 vide Government of India’s notification no. dated 26 March 1976.[7]

On 1 June 2006 it got amalgamated with other two RRBs i.e. Etah Gramin Bank and Jamuna Gramin Bank to form Shreyas Gramin Bank.

Etah Gramin Bank[edit]

The erstwhile Aligarh Gramin Bank was sponsored by Canara Bank covering all blocks of then Etah district. It was constituted under Regional Rural Banks’ Act 1976.[8]

On 1 June 2006 it got amalgamated with other two RRBs i.e. Aligarh Gramin Bank and Jamuna Gramin Bank to form Shreyas Gramin Bank.

Jamuna Gramin Bank[edit]

The erstwhile Jamuna Gramin Bank was sponsored by Canara Bank covering all blocks of then Agra district. It was constituted under Regional Rural Banks’ Act 1976.[9]

On 1 June 2006 it got amalgamated with other two RRBs i.e. Aligarh Gramin Bank and Etah Gramin Bank to form Shreyas Gramin Bank.

Barabanki Gramin Bank[edit]

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.

On 3 October 2006 it got amalgamated with other two RRBs i.e. Avadh Gramin Bank and Farrukhabad Gramin Bank to form Aryavart Gramin Bank.

Farrukhabad Gramin Bank[edit]

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.

On 3 October 2006 it got amalgamated with other two RRBs i.e. Avadh Gramin Bank and Barabanki Gramin Bank to form Aryavart Gramin Bank.

Avadh Gramin Bank[edit]

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.

On 3 October 2006 it got amalgamated with other two RRBs i.e. Barabanki Gramin Bank and Farrukhabad Gramin Bank to form Aryavart Gramin Bank.

Kshetriya Kisan Gramin Bank[edit]

Kshetriya Kisan Gramin Bank was established on 20-05-1980 under Regional Rural Banks’ Act 1976 vide Government of India’s notification no. F14-3/79-RRB(13) dated 28-10-1980. It had 63 branches at the time of amalgamation on 01-10-2012 (40 branches in then Mainpuri district and 23 branches in then Firozabad district) and was sponsored by U.P. Cooperative Bank Ltd., Lucknow.

On 1 October 2012 it got amalgamated with another RRB Aryavart Gramin Bank to form Aryavart Kshetriya Gramin Bank.

Shreyas Gramin Bank[edit]

The Shreyas Gramin Bank, sponsored by Canara Bank came into existence on 1 June 2006 after amalgamation of three RRBs i.e. Aligarh Gramin Bank, Etah Gramin Bank and Jamuna Gramin Bank vide Govt. of India Notification No. F. No. : 1/4/2006-RRB (i) dated 1 June 2006. Subsequently, the area of operation of the Bank was extended to Mathura district vide Govt. of India Notification No.1/7/2007-RRB dated 22 January 2008. The area of operation of the Bank was in Aligarh, Hathras, Etah, Manyawar Kanshiram Nagar, Agra, Mathura & Firozabad Districts with its wide network of 203 Branches. Further, vide Govt.of India Notification No.1/7/2007-RRB dated 22 January 2008, a new district viz. Mathura was also allotted to the Bank. Thus, the Bank was operating in seven Districts viz Aligarh, Mahamaya Nagar (Hathras), Etah, Manyawar Kanshiram Nagar, Agra, Mathura and Firozabad. The Bank was authorised to undertake all types of banking transactions prescribed under Section 5 (b) of Banking Regulation Act - 1949.[10][11]

On 1 April 2013 Shreyas Gramin Bank sponsored by Canara Bank was amalgamated with Aryavart Kshetriya Gramin Bank sponsored by Bank of India. Both the RRBs were located in Uttar Pradesh. After the merger, the RRB is called Gramin Bank of Aryavart with its head office at Lucknow under the sponsorship of Bank of India.[12]

Aryavart Gramin Bank[edit]

Presence of Aryavart Gramin Bank
Aryavart Gramin Bank, Barabanki Regional Office at Dewa Road Barabanki

Aryavart Gramin Bank (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 had 301 branches in rural areas of Uttar Pradesh, around Lucknow. It functioned under Regional Rural Banks’ Act 1976 and was sponsored by Bank of India. In 2008 the bank held customer deposits of £285 million.[13]

On 1 October 2012 it got amalgamated with another RRB Kshetriya Kisan Gramin Bank to form Aryavart Kshetriya Gramin Bank.

Aryavart Kshetriya Gramin Bank[edit]

Aryavart Kshetriya Gramin Bank, a Regional Rural Bank, was constituted on 1 October 2012 after amalgamation of two Regional Rural Banks (RRBs) namely Aryavart Gramin Bank and Kshetriya Kisan Gramin Bank as per Government of India notification no. F.No.1/3/2011-RRB dated 01-10-2012. Aryavart Gramin Bank was sponsored by Bank of India while Kshetriya Kisan Gramin Bank was sponsored by UP Cooperative Bank Limited Lucknow.

On 1 April 2013 Aryavart Kshetriya Gramin Bank sponsored by Bank of India was amalgamated with Shreyas Gramin Bank sponsored by Canara Bank. Both the RRBs were located in Uttar Pradesh. After the merger, the RRB is called Gramin Bank of Aryavart with its head office at Lucknow under the sponsorship of Bank of India.[12]

See also[edit]

References[edit]

  1. ^ Govt of India Notification F No. 7/9/2011-RRB(UP-1) dated 01-04-2013.
  2. ^ http://www.aryavart-rrb.com/about.html
  3. ^ http://aryavart-rrb.com/about.html#accordion1
  4. ^ http://www.aryavart-rrb.com/schemes.html
  5. ^ http://www.ashdenawards.org/international_winners_2008
  6. ^ "RRBs – Inclusion in/exclusion from Second Schedule to RBI Act, 1934". Reserve Bank of India. Dec 17, 2008. Retrieved 2013-06-03. 
  7. ^ Rais Ahmad & Mahmudur Rahman (1 Jan 1998). "Rural Banking and Economic Development". Banks and banking. Mittal Publications. p. 71. Retrieved 2013-06-03. 
  8. ^ "Etah Gramin Bank vs Commissioner Of Income Tax". Allahabad High Court. 1 March 2006. Retrieved 2013-06-03. 
  9. ^ R.P. Nainta (1 Jan 2005). "Banking System, Frauds and Legal Control". Banks and banking. Deep and Deep Publications. Retrieved 2013-06-03. 
  10. ^ "CANARA BANK-REGIONAL RURAL BANKS (RRBs)- SHREYAS GRAMIN BANK". 2011-06-30. Retrieved 2013-06-03. 
  11. ^ "'Shreyas Gramin Bank' -formed by amalgamating 3 RRBs". moneycontrol.com. Jun 5, 2006. Retrieved 2013-06-03. 
  12. ^ a b "Canara Bank, BoI merge RRBs in Uttar Pradesh". The Hindu Business Line. 2013-05-20. Retrieved 2013-06-03. 
  13. ^ http://www.ashdenawards.org/files/reports/a_graminbank_case_study_2008_0.pdf