Pragathi Krishna Grameena Bank was formed by the sponsorship of Canara Bank and funding and assistance of Indian Government. As per the directives of RRB Act 1976, the states required a few rural banks to cater to the needs of labourers and farmers. Hence, Pragathi Krishna Grameena Bank was setup in Bellary to take on the troubles related to financing, loan and banking in the area. Pragathi Krishna Grameena Bank is highly functional and responsive to all the customers it has.