Earlier this month, Punjab National Bank and Rajasthan’s Finance Department signed a significant Memorandum of Understanding (MoU). This deal is aimed at supporting the state’s socio-economic goals better.
Under this agreement, the public sector bank in India is going to facilitate a major funding of Rs 21,000 crore under Rajasthan’s booming ‘Rising Rajasthan’ programme. This update has been broadly reported by media agencies.
Speaking on the MoU just inked, Punjab National Bank’s Managing Director and CEO called it a matter of great pride for the bank to participate in the state’s journey, highlighing PNB’s strong digital capabilities and a huge range of products.
PNB hands 2,000 loan sanction letters to female entrepreneurs
It is quite clear that Punjab National Bank is committed to continue to contribute to Rajasthan’s socio-economic progress. This is also part of the major Indian bank’s mission to accelerate socio-economic progress in other states.
The Chief Minister of Rajasthan, Bhajanlal Sharma, took to social media to declare the signing of the Memorandum of Understanding at the CM’s residence. Under this deal, PNB is going to offer financial assistance to multiple projects of the state.
During his trip to Jaipur for signing the agreement, the CEO of Punjab National Bank also handed more than 2,000 loan sanction letters to female entrepreneurs at a SHG loan distribution ceremony. Nearly 3,000 SHG members participated in the ceremony.
