PNB organises credit camp for MSMEs
Hyderabad, Aug 28 (KNN) In a bid to create awareness of the various products available for Micro, Small and Medium Enterprises (MSMEs), Punjab National Bank (PNB) organised a credit camp here.
According to an official statement, the camp was organised at the MSME Development Institute, Balanagar, on Friday, which was inaugurated by PNB Zonal Manager Hyderabad Sanjeevan Nikhar.
At the camp, the bank apprised MSMEs of a plethora of schemes for them.
''PNB had extended support by way of additional credit linkage to the enterprises during COVID-19 pandemic either in the form of GECL or restructuring of loan accounts,'' Nikhar said.
Calling the schemes competitive, he said that it catered to the financial needs of manufacturing as well as services sectors.
“We are continuing our support to MSMEs by introducing cluster-based finance to pharma, engineering and other industries within prescribed turnaround time (TAT),” he added.
As per the statement, MSME Development Institute Director Chandra Sekhar, NSIC DGM R. Veera Bhadra Rao and FIEO Director P.T. Srinath participated in the programme.