PNB always with MSME entrepreneurs –Shri
CH S S Mallikarjuna Rao
Punjab National Bank, today participated in a
live “Webinar Townhall with CII” on issues related to MSME customers
across the country and to address their challenges in the face of COVID-19
pandemic.
An important objective
of the webinar was to educate the MSME participants about various hand-holding
measures taken by the Government of India, Reserve Bank of India and Punjab
National Bank. The webinar was attended by Shri CH SS Mallikarjuna Rao, MD
& CEO, Punjab National Bank along with Executive Director Shri Agyey Kumar
Azad.
While addressing the
participants Shri CH SS Mallikarjuna Rao has informed that Punjab National Bank
has sanctioned Rs.8690 Crores in 404675 accounts to MSME Sector under the
Emergency Credit Line Guarantee Scheme (ECLGS) out of these accounts Rs.2595 Crores
has already been disbursed in 79029 accounts so far.
An important objective
of the webinar was to educate its customers across the nation about the various
products and services made available by the bank for their ease. Through the
campaign ‘Each One Reach Ten Each Day’, more than 1.00 lac customers including
MSMEs are being contacted by the officials to update about the COVID schemes on
daily basis. Through the online platform of Trade Receivables Discounting
System (TReDS), MSME’s can avail timely credits against their bills, which
helps in managing their cashflows efficiently. In addition, the bank has
communicated with large number of MSME Associations, across the country seeking
co-operation to educate the MSMEs under their ambit about the special schemes
launched by the bank.
Executive Director Sh.
Agyey Kumar Azad said that, “The pandemic has posed fresh challenges for the
country’s economy, causing severe disruptive impact on both demand and supply
side elements. This has potential to derail the growth of the economy in the
current and coming fiscal years. With the proactive approach of the Govt of
India, RBI and bank we hope that the outreach program will help our customers
to understand the customised new product facilities, benefits and special schemes
offered by the bank to cope up with the crisis”.
About 25 participants
including the office bearers of various MSME bodies raised queries on ongoing
issues , Shri CH SS Mallikarjuna Rao gave his replies to all the queries
to their satisfaction
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