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Banks in India are playing a major role in the economic prosperity of the Country. Despite large number of development programmes being implemented and the prosperity that the economic reforms and technological advances have brought in during the past, the vital issue of eradication of poverty is yet to be fully addressed. A vast majority of rural poor do not have access to basic banking services. After Nationalization of Bank, delivery of Banking/ Financial services to all people in fair, transparent and equitable manner at affordable cost was consider most appropriate. At this juncture, under the twenty points economic programme the concept of RRBs was implemented. Even in today's changing Banking Scenario the RRBs are recognized as one of the ideal Institution for credit delivery in rural areas. Gurgaon Gramin Bank is a Regional Rural Bank, Sponsored by Syndicate Bank having its Head Office at Gurgaon. It came into existence in April, 1976 under the ordinance of RRBs Act- 1976. Bank has operational are covering Six Districts i.e. Gurgaon, Faridabad, Mewat, Rewari, Mahendergarh & Sonepat having net work of 134 Branches with a total Business of Rs. 2264 Crore as on 31.12.2006. "Small Man" has been the centre, around which the Gurgaon Gramin Bank activities revolved since inception. Majority of our Customers comes under Priority Sector lending. Bank is playing a pivotal role in extending credit needs of all works of the people including non-priority sector segments. It has been Bank's endeavours that out of 196 RRBs, Gurgaon Gramin Bank is one amongst the Best RRB in the Country. Our credit delivery /financial services in all the areas is luring the customers. Customer service is the main weapon behind our success. Despite various constraints, our Bank is competing other Commercial Banks and maintaining its leading role in the operational area. Ours is amongst the few RRBs that has got huge potential for expanding credit, mobilise large resources and earn good name in the market. Bank is nurturing its rural clientele and has attained a leading position in extending micro credit through linkage of SHGs and also by providing Bank finance to Women beneficiaries. Bank has popularised the KCC Scheme in the Command Area. Bank is having Tie-up arrangement with 158 Companies/ Corporates providing personal loans, House Building Loans, Vehicle Loans & Educational Loans. Credit to Agriculture recorded a robust growth, reflecting the impact of various policy initiatives to improve the flow of credit in this sector. Credit to the Housing Sector continued to be strong, benefiting from low rate interest and tax incentives. Apart from housing, equally strong credit demand emanated for education and other personal loans as well as from credit card holders. Credit to Commercial Estate increased sharply. Another feat to Bank's credit is Bancassurance Alliance with the Insurance Major Bajaj Allianz. In addition to augmenting the credit off take to the agriculture sector, bank has boosted the lending under Non-Agriculture Sector as well. Various new lending schemes for non-agriculture have also been currently launched.
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