Money & Banking

PNB ties up with NSFDC for assisting SC families

K.R.Srivats New Delhi | Updated on January 08, 2018

Punjab National Bank (PNB) and National Scheduled Castes Finance and Development Corporation (NSFDC) have tied up to provide financial assistance for economic empowerment of persons belonging to Scheduled Caste (SC) families living below Double Poverty Line (DPL).

A Memorandum of Agreement to this effect was signed by B.M.Padha, Corporate General Manager , Priority Sector & Financial Inclusion Division, PNB and Devanand, General Manager, NSFDC.

Under this tie-up, PNB would act as a channelising agent for the loan schemes of NSFDC. Concessional finance and skill training grants would be provided to unemployed SC persons living below Double Poverty Line, according to a PNB release.

Srivats.kr@thehindu.co.in

Published on January 08, 2018

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