Search
AboutUs About Us   Contact Us Contact Us   Sitemap Sitemap
Hindi Site
Financials
Interest Rates - Deposit
Interest Rates - Loans & Advances
Service Charges
EMI Calculator
Bank’s Code of Commitment
Sachar Committee
Tenders
Recruitment
Apply for Bank Products
Search Our Network
Go!
 
 
 
 
Home >> MSME Banking >> Schemes for Financing Micro and Small Enterprises
 
 
PNB - ACCELERATING A NEW MOMENTUM FOR THE MICRO AND SMALL ENTERPRISES SECTOR
 
 

The spirit of Enterprise knows no boundaries, irrespective of the scale of operations. Realizing the significance that, Micro and Small Sector contributes 40% of the gross turnover in Manufacturing Sector, gives employment to 308 lakh persons, produces 7500 products and contributes more than 35% of the country's exports, PNB has formulated a number of schemes to provide a impetus for the growth of the Micro and Small Enterprises Sector.

 
AMOUNT OF LOAN
 
  • Term Loan (Need based).
  • Working Capital Requirement Computed and Sanctioned at 20% of projected realistic annual turnover basis.
  • Composite Loan Limit has been raised to Rs. 100 Lakh (for Term Loan and Working Capital).
     
APPLICATION
  1. Simplified Loan Application Forms for convenience of borrowers.
  2. Online Application.
  3. Speedy Processing within specified time norms, i.e:-
 
Upto Rs.2 Lakh 2 weeks
Above Rs.2 Lakh and upto Rs.50 Lakh 4 weeks
Above Rs.50 and upto Rs.100 Lakh 5 -6 weeks
Above Rs. 100 lakh and upto Rs. 100 crore 6-7 weeks
Above Rs. 100 crore 8-9 weeks
 
 
Click here to view rate of interest
 
COLLATERAL SECURITY
 
  • Advances upto Rs.10.00 Lakh without collateral security.
 
  • Advances over Rs.10 Lakh and upto Rs.25 Lakh, based on good track record and financial position, no collateral insisted upon.
 
  • Advances upto Rs.100 Lakh guaranteed under Credit Guarantee Fund Trust for Micro & Small Enterprises (for manufacturing & service enterprises) without collateral security / third party guarantee.
MICRO AND SMALL ENTERPRISES SCHEMES
     
1.
  SME Sahayog Scheme
     
2.
  PNB Artisan Credit Card - Scheme to provide hassle free financial support to Artisan
     
3.
  PNB Laghu Udyami Credit Card - A simplified Loan Delivery Mechanism
     
4.
  Scheme for Advances to Small Road Transport Operators
     
5.
  Scheme for Advances to Owner-Drivers of Taxi Cars, Three Wheeler,  Station Wagons, Tempos, Etc.
 

 6.   PNB  General Credit Card (GCC) Scheme
     
7.   Scheme for Financing of Individual Business Correspondent (BC) agents deployed by the Bank for carrying out Financial Inclusion works
 

 

 
 
 
 
 
Copyright © 2010. Punjab National Bank. All rights reserved. FAQ’s  |  Disclaimer  |  Privacy Policy  |  Terms of Use