Awards & Achievments

       

  1. “SKOCH award 2018”     

    SKOCH Group has recognized our project “Insurance Inclusion in Rural India at Affordable Price” and has awarded “Order of Merit” & “SKOCH Award- 2018” for this initiative of Bank.    

       OUR PROJECT

    Our ultimate objective is to integrate rural and deprived segment of population with the main stream of the country and contribute for the Growth & Prosperity of the country by providing our customers capital support for economic activities and cover against calamities & eventualities of nature and/or manmade .

    In our mission to provide Financial Inclusion to all, we have tied up with prestigious Insurance partners, and created a low cost Insurance product with comprehensive coverage but at very affordable cost

    Together with our partner Insurance Companies we have been able to provide Insurance policies to more than 2368000 customers in our command area, which is among the highest Insurance penetration in rural area by any RRB in the country. Also our bank has provided personal accidental insurance to our more than 10 lakhs existing loan customers and approximately 6 lakhs other customers (PMSBY) and continues to add more customers.
    We at Gramin Bank of Aryavart believe, that in our pursuit for providing financial inclusion along with Insurance inclusions, a concerted four way approach could go a long way in realizing the ambition of providing life and healthcare coverage to a larger population base.

      • Choosing the right Insurer partner
      •  Insurance policy customization,
      • Innovations in servicing and
      • Cluster based communications drive

    Bank’s latest unique Insurance scheme-

    Bank has launched unique insurance coverage programme “Aryavart Accidental Cum Disability Insurance scheme”. We are providing free accidental and disability coverage to all individual borrowers and cost of the coverage is borne by the Bank. Individual borrower will get the benefit of Rs Two Lakh insurance coverage without any financial burden on them for accidental death or permanent disability and Rs One Lakh for partial disability. At present approximately 12.50 Lakh lives have been covered under the scheme.

    Progress of Bank

    S.No

    Sector

    Name of Company

    No of Policies

    1

    Life

    BAJAJ Allianz Life Insurance Co.  Ltd.

    2,72,511

    Star Union Dai-Ichi Life Insurance Co. Ltd.

    25,571

    2

    Health

    Religare Health Insurance Co. Ltd

    1,30,000

    3

    General

    United India Insurance Co Ltd

    1,14,356

    Future Generali

    44,590

    4

    PMJJBY

    Star Union Dai-Ichi Life Insurance Co. Ltd.

    1,75,690

    5

    PMSBY

    New India Assurance Co.Ltd

    5,80,637

    6

    GBA’s Free Accidental Insurance

    Religare Health Insurance Co.Ltd

    10,25,000

    Total

    23,68,355

  2. UPNEDA “Uttar Pradesh state energy conservation award 2017”

               

    In India majority of people are deprived from sustained sources of energy specially poor families, farmers, labors engaged in unorganized sectors, scattered population in hilly and high altitude area etc.  They are dependent on traditional source of energy, like kerosene flamed lights at their households. It produces carbon which is injurious for health and environment as well.

    Since establishment of the Bank “Rural Development” is our main objective. Major number of our branches exists in rural and unbanked areas. Customers are being served through different means of services i. e. financing to the farmers, local artisans, cottage industries, promoting SHGs/JLGs, Krishak Club etc. 

    It was observed that due to paucity of electricity people/families were compelled to manage their life on kerosene based lights. GoI/NABARD has announced subsidies /support for Solar Home Light System (SHLS) in preceding years.  We developed a special product “Aryavart Saur Urja” scheme to finance the eligible customers.  The Bank has set an example by financing Solar Home Light Systems and thus mitigating the darkness in the lives of the villagers/poor population of its service area.
    Bank was awarded “Uttar Pradesh state energy conservation award 2017”for its contribution in energy conservation.

     

  3. “Gramin Samridhi Samman” from NABARD in FI Category for successful implementation of Mobile Vans.

     

    “In order to promote digital financial literacy, spreading Financial Literacy, demonstration of various digital banking technologies for Digital Financial Literacy and to create awareness among the users about the precautions and safety measures while using different banking technologies, our Bank has procured three Mobile Vans. Being the first RRB in UP to introduce such innovative model, bank received “Gramin Samridhi Samman” from NABARD in FI Category”

     

  4. PFRDA Award for Atal Pension Yojna 2016-17

     

    “APY is one of the Govt of India social security scheme to cover maximum people of society especially workers engaged in unorganized sector, lower income groups etc for the age of 18-40 years to provide old age pension after 60 years of age. PFRDA has launched ATAL PENSION YOJANA in June 2015 through Banks, Nationalized Bank, RRBs, Cooperative Bank, Private Bank and Post Office. Annually target are being allotted to the bank, which was achieved by our bank for the financial year 2016-17, and received award from for special contribution in this scheme”

     

  5. PFRDA “Makers of Excellence” award 2017-18 for Atal Pension Yojna

     

    The workers in the unorganized sector who voluntarily save for their retirement, constitute 88% of the total labor force of 47.29 crore as per the 66th Round of NSSO Survey of 2011-12.  These unorganized workers do not have any formal pension provision. In India, in the absence of a country-wide social security system (formal pension coverage is about 12% of the working population). To address the longevity risks among the workers in unorganized sector, Atal pension yojna was launched which has now reached the total subscriber base of 71.32 Lacs. In order to motivate the banks in their endeavor to make India a pensioned society, DFS/PFRDA launched the APY MAKERS OF EXCELLENCE Campaign.    
    Our bank was awarded by PFRDA for achieving the target under this campaign.

 

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