PNB, NHFDC ink MOU to facilitate concessional credit to PwDs

05 Jun 2013 Evaluate

Punjab National Bank (PNB) and National Handicapped Finance and Development Corporation (NHFDC), Department of Disability Affairs, Ministry of Social Justice & Empowerment have  signed memorandum of understanding (MOU) to facilitate concessional credit to Persons with Disabilities (PwDs) on all India basis.

As per MOU, NHFDC will refinance PNB in respect of disbursement of loan to PwDs for self-employment for those activities which are covered under Credit Guarantee Scheme of CGTMSE of the Government. In addition, NHFDC will also refinance the education loan for higher education to PwDs. The arrangement will be of great help to the students with disabilities who wish to pursue higher education after taking education loan.

PNB has around 5,900 branches throughout the country and have a strong presence in northern region of the country.

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