Punjab National Bank hosts Mega MSME Outreach Programme

 Punjab National Bank hosts Mega MSME Outreach Programme

Hyderabad : Punjab National Bank, India’s second largest public sector lender, today conducted a live webinar titled “Mega MSME Outreach”  to connect with its 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 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.

The webinar also informed 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 hosted by Shri. CH SS Mallikarjuna Rao, MD & CEO, Punjab National Bank along with Executive Directors, Dr. Rajesh Kumar Yaduvanshi, Shri. Sanjay Kumar, Sh. Vijay Dube and Shri. Agyey Kumar Azad and was moderated by Shri. Vinod Jain, Chairman, Banking & Insurance Committee PHD, Chambers of Commerce & Industry.