The Aryavart Bank (''AB'') is an Indian Regional Rural Bank (RRB) in Uttar Pradesh established on 1 April 2019. 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 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 Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

of Ministry of Finance , Government of India.

Bank structure

The Head Office is located at Lucknow. 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: * 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 Joint Liability Groups are a concept established in India in 2014 by the rural development agency, National Bank for Agriculture and Rural Development (NABARD) to provide institutional credit to small farmers. Joint Liability Group is a group of ...

(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 Ashden is a London-based charity that works in the field of sustainable energy and development. Its work includes the annual Ashden Awards, advocacy and research in the field of sustainable energy, and mentoring and practical support for award w ...

2008. 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

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

References

{{Banking in India Regional rural banks of Uttar Pradesh 2019 establishments in Uttar Pradesh Indian companies established in 2019 Banks established in 2019 Companies based in Lucknow