Social Banking

 
CSR Initiatives
CSR Report 2009-10
List of FLCC's
List of PNBRESTIs
PNB Hockey Academy
Financial Inclusion
Priority Sector

  

SCHEMES FOR WOMEN

1. PNB MAHILA UDYAM NIDHI SCHEME  
To meet gap in equity. The women entrepreneurs will be assisted for setting up of new projects in
tiny /small scale sector and rehabilitation of viable sick SSI units. Existing tiny and small scale
industrial units and service industries undertaking expansion , modernization technology  up
gradation &  diversification can also be considered.

2. PNB MAHILA Samridhi Yojna

Under This Scheme , four schemes have been launched under the umbrella of one scheme. These are
for purchase of required infrastructure for Setting up of
1)  Tailoring shop/Boutique, i.e. for purchase of Sewing Machines, etc.
2)  ISD/STD Booths, i.e. for Security Deposits with MTNL/other Agencies like Reliance/Tata
Indicom.etc., for purchase of Fax Machine, Xeroxing/Photocopier Machine, etc.
3)  Beauty Parlour, i.e. for purchase of Furniture, Chairs, Bench etc.
4)  Cyber Café, i.e. for purchase of Computers and furniture like computer tables, chairs etc.  and for
recurring expenditure as per the need of the activity.

3. Scheme For Financing Crèches

To provide support services for women empowerment to working women in terms of crèches with
necessary services by making cheaper and easier credit available for financing Crèches. The women
will be assisted for purchase of required infrastructure for setting up Creches like basic equipment,
utensils, stationers, growth monitoring equipments, fridge, cooler/fan, water filter, etc. and for
recurring expenditure for one month.

4. PNB Kalyani Card Scheme

For meeting working capital credit requirement of allied agricultural activities/ misc farm/non- farm
activities either singly or in combination with other activities.The literate/illiterate women dwelling in
rural / semi-urban areas who have attained the age of majority shall be eligible under the Scheme. 
Such Women shall include individuals, farmers, landless labourers, agricultural labourers, tenant
farmers, share croppers, lessee farmers, etc. The women desirous of undertaking non-farm sector
activities should have aptitude/experience and capability for undertaking the activity chosen for self
employment. 

5. PNB Mahila Sashaktikaran Abhiyan

Under this scheme , following concessions will be admissible

 Interest rate to be relaxed by 0.25% in Non-Priority Sector Advances and 0.50% in Priority
Sector advances
 Margin to be reduced to 10%, wherever the margin requirement is more than 10%
 Waiver of 50% upfront fee (wherever applicable)

Trade Related Entrepreneurship Assistance And Development (TREAD) Scheme

The scheme envisages extension of credit by the bank and grant by the Govt of India to NGOs for the
benefit / on lending to women either through SHGs or individually for setting up of small & micro
enterprises in non farm sector

Gist of Govt. Sponsored / other Schemes

 
 
SCHEME & ELIGIBILITY LOAN AMOUNT MARGIN & REPAYMENT /
PURPOSE SUBSIDY RATE OF
INTEREST
1 2 3 4 5
1.Swarnjayanti Selected BPL Revolving Fund: Margin 5 - 7 years for
Gram Swarozgar families known Cash Credit in For Individuals Term Loan.
Yojana(SGSY) as Swarojgaris multiple of group Upto Rs.50,000/- -  
Scheme is operative either corpus maximum Nil  
from April 1999 in individuals or 4 times. DRDA Above Rs.50,000/- - For individuals
rural areas covering Groups. subsidy equal to 15% swarojgiars - as
all aspects of self group corpus. For SHGs per the activity
employment such Composite loan: Upto Rs.3 lac – Nil financed.  In
as organization of depending upon Above Rs,3 lac – case of SHG,
the poor into self nature of project 15% the rate will be
help groups, for financing key   applicable as
training, credit, activities of the Subsidy per the capita
technology, district. Eligible 30% of project cost size of loan.
infrastructure and beneficiaries will max. Rs.7500/- for
marketing of income be provided General and 50% for
generating assets to multiple doses of SC/ST and disabled
bring the credit. max. 10,000/-.
assisted  poor For SHGs 50% of
families above the project cost
poverty line. Rs.10,000/- per
  capita or Rs.1.25 lac
maximum.
 
2.Swarna Jayanti Urban For Individual Margin 3 - 7 years.
Shahari Rozgar population Project cost upto 5% of Project Cost.  
 Yojana (SJSRY) Below Poverty Rs. 2,00,000/-   Rate of interest
The objective of the Line.  Minimum and for Self Subsidy will be
scheme was to or maximum Employment 25% max. applicable as
provide gainful educational (Group) through Rs.50000/- for per the activity
employment to qualification not Setting up of individual. financed.
urban unemployed prescribed. Micro Enterprises UWSP– subsidy of
or underemployed under UWSP – maximum Rs.3 lac
through the setting No maximum limit or 35% of the project
up of self- for project cost. cost to the Group or
employment Rs.60,000/- per
ventures or member of Group.
provision of wage  
employment.
 
3.Differential Rate Members of SC Rs.15000/- for Nil Not exceeding
of Interest (DRI) & STs and gainful   5 years
  others engaged employment and No subsidy.
on a very Rs.20,000/- for
modest scale in housing (for
agriculture allied SC/ST only).
activities /
cottage & rural
industries and
vocations,
physically
handicapped
persons and
orphanage.
 

PNB’s RICKSHAW PROJECTS

It is estimated that there are 8 million rickshaw pullers in India, 95% of which are victims of

high daily rental fees. This makes it impossible for them to earn enough to own the rickshaw

in their lifetime. In addition, they have to bear the cost of any accidental damage to the

vehicle. Inability to do so not only leads to harassment, physical, mental and financial, but

also compels them to flee from their place of residence.

 Thus lack of disposable income makes them unable to access basic utilities or provide

adequately to their families.

 This vulnerability is due to their lack of access to basic formal banking services such as

loans, savings, insurance, etc.

In order to address the above, Punjab National bank has drawn up convenient schemes for

rickshaw pullers so as to bring a ray of hope for thousands of toiling humans by providing a

means of self-employment to the poor and the marginalized rickshaw community.

PNB’s JAN MITRA RICKSHAW PROJECT

Dr K C Chakrabarty, CMD of Punjab National Bank launched “Jan Mitra Rickshaw Project”

on pilot basis in Varanasi on February 2, 2008 in association with Centre for Rural

Development (CRD), NGO. The scheme will help these rickshaw pullers to access quality

rickshaws and become owner of the same after three years (max.). Simultaneously health

and medical insurance cover will also be provided. Rickshaw pullers are organized in a

group of five and located at a common garage, to manage their savings, repair the rickshaw

and update the business records. Rickshaw puller has to open a “No Frills” Account with

PNB. Subsequently, PNB will continue its links with the Rickshaw puller so as to fulfill his

requirements for second product or services, thus becoming “one-stop shop” for the

borrower and his family‟s entire needs like small loans for the household like renovation of

house, buying cooking gadgets, etc. and allied activities like education loan, housing loan,

personal loan, etc.

PNB’s SECOND RICKSHAW PROJECT UNDER MICRO FINANCE

Dr K C Chakrabarty, CMD of Punjab National Bank launched the second Rickshaw project

under Micro Finance Model on March 17, 2008 in Patna, Bihar with Micro Finance Institution

“SammaaN Foundation” which is a „Not for Profit” organization. Under this model,

rickshaws are given free of cost to the rickshaw puller while they have to pay a maintenance

cost of Rs 10 per day. The balance earnings from the rides go to the rickshaw puller. There

will be sale of water, soft drinks, simple merchandises, etc to riders. Profit from these sales

are shared between SammaaN and the driver. Further, rickshaw pullers are given free

uniform, identity card, insurance coverage, etc.