Andhra Banking Corporation Launches A Novel System Ps-Sbg

To commemorate the 138th nativity anniversary of it’s founder Dr Bhogaraju Pattabhi Sitaramayya as well as the Silver Jubilee of the SHG-Bank linkage programme inward India, the Andhra Bank has launched a novel system for self-help groups (SHGs) titled Pattabhi Sitaramayya — Self Business Group (PS-SBG).
This system was launched past times Nara Chandrababu Naidu, Chief Minister of Andhra Pradesh.
Under PS-SBG Scheme, the Self Help Groups having five years of association amongst Andhra Bank as well as having successfully completed 3 credit rotations amongst practiced repayment tape as well as an aptitude for entrepreneurship, volition last eligible for a loan. 

Finance inward the shape of working working capital alphabetic lineament as well as term loan tin sack last extended to the grouping or inward private capacity inside the grouping to the extent of ₹25 lakh without whatever collateral safety on easier price as well as conditions.

Important Points you lot should know nearly Andhra Bank :

  • Founder : Bhogaraju Pattabhi Sitaramayya
  • Headquarters : Hyderabad
  • Founded on : 20th Nov 1923 
  • Headoffice : Hyderabad 
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