PNB signs refinance agreement with NSTFDC

To provide financial assistance for economic empowerment of persons belonging to ST families living below DPL

PNB through its huge network and customer base would act as channelizing agentfor the loan schemes of NSTFDC
sample3
L to R : Mr Anil P.C Raven, Dr B M Padha and Mr A P Garg

Thesynergyonline Banking Bureau

NEW DELHI, FEBRUARY 13 : Punjab National Bank (PNB) , India's largest public sector lender and National Scheduled Tribes Finance and Development Corporation (NSTFDC)have tied up to provide financial assistance for economic empowerment of persons belonging to Scheduled Tribes (ST) families living below Double Poverty Line (DPL).

A memorandum of agreement to this effect was signed by Dr. B M. Padha, Corporate General Manager, Priority Sector & Financial Inclusion Division, PNB and M. Anil P.C Raven, Deputy General Manager, NSTFDC in the presence of Mr. A. P. Garg, Deputy General Manager, Priority Sector & Financial Inclusion Division, PNB, Mr. Kunj Bihari, Deputy Company Secretary,NSTFDC, and other dignitaries.

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 NSTFDC.Mr. Raven emphasized that NSTFDC in collaboration with PNB, will provide concessional finance for setting up of self-employment projects and skill-training grants to unemployed ST persons living below Double the Poverty Line. Such a collaborative, handholding and flexible approach for the welfare of ST population will invariably augment to the national priorities like Agriculture, Skill India, MUDRA and Stand-Up India.