Andhra Pragathi Grameena Bank

About:

Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts namely Kadapa, Kurnool, Ananthapur, Nellore and Prakasam. The Bank is having 5 Regional offices with its Head quarters at each district Head Quarters. The Bank is having 385 branches and 3 Extension counters. The Bank is catering to the needs of Rural Poor mainly and to all other sectors also. The Bank has been playing a pivotal role in economic development of its operational area by outreaching the people in the countryside. The Bank stood First in earning Net profit of Rs.130 Crore as on 31.03.2011 among all RRBs in the country.

The entire area of operation of the Bank, which is mostly in Rayalaseema region, is characterized by drought and backwardness. About 75% of the population in the area lives in countryside. The soils are mostly black and red, about 75% of the area is rainfed and farmers depend on rainfed crops. Under Irrigation sources viz., canals, tanks, borewells etc., the major crops grown are paddy, cotton(hybrid), chillies, vegetables, horticulture crops like banana, papaya, sweet orange, mango etc., and under rainfed conditions the major crops grown are ground nut, jowar, bengalgram, sun-flower, coriander, tobacco, etc. The area is rich in minerals viz., barites, limestone, granite, black and colour slabs, slates etc.