PNB conducts MSME Loans camp in Pune

Pune, Feb 15 (KNN)  A 'MSME Loan Camp' for micro, small and medium enterprises was organized by Punjab National Bank Circle Office,Pune in the city today.

The Camp was inaugurated by Hemant Kulkarni, Circle Head, Punjab National Bank, Pune. Ashish Das(Deputy Circle Head) and S.Balaji were also present during the event.

MSMEs are the backbone of a country's economy contributing towards economic development and also generate employment opportunities. 

During the event , Hemant Kulkarni stressed on the importance of the MSME sector in the economy.  “PNB has various attractive and competitive loan schemes for this sector too. The Loan camp is organized to bring out awareness among the entrepreneurs about PNB’s various MSME schemes with simplified sanctioning processes”. 

While speaking about the Bank's position he said our Bank is the second largest Bank in India having total business of Rs. 18.82 Lakhs Crore. 

The Bank is successful in reducing the NPA and improving overall financial strength in the last two years including improvement in the capital adequacy ratio. 

PNB had extended complete support by way of additional credit linkage to the enterprises during COVID-19 pandemic situation.

Over 100 MSME borrowers from 60 branches attended the loan Camp. 

PNB offers MSME banking solutions, it also recognizes that the Micro, Small and Medium effort will drive future growth in India and Abroad. (KNN Bureau)