Gramin Bank of Aryavart

Aryavart Bank
Company type	Regional Rural Bank
Industry	Financial; Regional Rural Banks
Founded	1 April 2019
Headquarters	Lucknow, India
Area served	Uttar Pradesh
Key people	Chairman: Santosh S.
Owner	Government of India (50%) Government of Uttar Pradesh (15%) Bank of India (35%)
Parent	Ministry of Finance, Government of India
Subsidiaries	Gramin Bank of Aryavart; Aryavart Kshetriya Gramin Bank; Aryavart Gramin Bank; Kshetriya Kisan Gramin Bank; Shreyas Gramin Bank;
Website	aryavart-rrb.com

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.

It functions under Regional Rural Banks' Act 1976 and is sponsored by Bank of India. Allahabad UP Gramin Bank and Gramin Bank of Aryavart merged with name Aryavart Bank e.r.f 01.04.2019.

Bank structure

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 operations

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.

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.

Subsidiaries

Source:^[6]

Aryavart Kshetriya Gramin Bank

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 Bank

This Bank was constituted on 3 October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank.

References

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