Early Times Report
Jammu, Feb 12: Continuing its pro-active role to foster the economic development of the state, Punjab National Bank (PNB), J&K Circle disbursed loans under Pradhan Mantri Mudra Yojna (PMMY), MSME, Retail & Agriculture schemes in a function at Hotel Jhelum Resort, Jammu. The function was presided over by Gauri Shanker, Executive Director (ED), Punjab National Bank who was accompanied by GS Gandhoke, Field General Manager, Shimla and BS Raina, Circle Head Punjab National Bank Jammu Circle. Sanction letters of loan amounting to over Rs 35 crore were disbursed among 537 beneficiaries in the function.
Speaking at the occasion, Gauri Shanker said that the main objective of such functions is to encourage entrepreneurs and small business units to expand their capabilities and operations, to reduce over indebtedness and to provide them with need based credit through banking channels.
Citing the details about Mudra Yojana, Shanker informed that Bank is providing credit up to Rs10 lakh to small entrepreneurs in Non- farm sector. In Mudra scheme, under 'Shishu' Scheme, bank is sanctioning loans up to Rs 50,000, under 'Kishore' Scheme loans above Rs 50,000 and up to Rs 5 Lakh and under 'Tarun' category loan above Rs 5 Lakh and up to Rs 10 Lakh is being sanctioned to the people, he further added. |
