Punjab National Bank has always been in the forefront in extending credit assistance to Micro Small and Medium Enterprises entrepreneurs, which are very crucial to the economic development of the country. During the financial year, PNB achieved a growth rate of 21.63% in financing to MSE for the FY ended March’2014 as against the stipulation of 20% of Govt. of India.
PNB also exceeded the target of 10% increase in number of Micro enterprise accounts. PNB has started a Credit growth initiative in the last Financial Year by identifying its 250 branches on Pan India basis which are focused towards lending to MSMEs. To acknowledge the role of PNB in lending to MSME, the Chamber of Indian MSME (CIMSME) conferred upon Punjab National Bank the Banking Excellence award – 2014 for lending to MSMEs.
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