PNB signs MoA with NSFDC to extend aid to SCs

The bank's major initiative to imbibe sense of true entrepreneuship as doer for whom there is no time to whine

Dr B M Padha, Corporate General Manager, Priority Sector & Financial Inclusion Division, PNB and Mr Devanand, General Manager, NSFDC exchanging documents post signing MoA in the presence of Mr A P Garg, Deputy General Manager, Priority Sector & Financial Inclusion Division, PNB, Mr C Ramesh Rao, Deputy General Manager, NSFDC, and other noticeables.

NEW Delhi, JANUARY 08 : Punjab National Bank, India's largest public sector lender and National Scheduled Castes Finance and Development Corporation (NSFDC) have tied up to provide financial assistance for economic empowerment of persons belonging to Scheduled Cast (SC) families living below Double Poverty Line (DPL).A memorandum of agreement(MoA) to this effect was signed by Dr B MPadha, Corporate General Manager, Priority Sector & Financial Inclusion Division, PNB and Mr Devanand, General Manager, NSFDC in the presence of Mr. A. P. Garg, Deputy General Manager, Priority Sector & Financial Inclusion Division, PNB, Mr. C. Ramesh Rao, Deputy General Manager, NSFDC, and other noticeables.On the occasion Dr Padha informed that PNB, through its huge network and customer base, would act as Channelizing Agent (CA) for the loan schemes of NSFDC. Mr Devanand emphasized that NSFDC in collaboration with PNB, will provide concessional finance for setting up of self-employment projects and skill-training grants to unemployed SC persons living below Double the povertyline.

Such a collaborative, handholding and flexible approach for the welfare of SC population will invariably augment to the national priorities like Agriculture, Skill India, MUDRA and Stand-Up India.