1 hr ago
PNB Launches Cluster Financing Support for Rice Millers
Punjab National Bank held a meeting for rice millers in Mandapeta.
About 50 rice millers attended the programme.
Bank officials explained ways the millers could get financial help.
They also listened to the millers’ specific business needs.
PNB has approved a special financing plan for rice millers.
The plan covers five rice-milling centres in the region.
Eligible millers may get loans with attractive interest rates and lower service charges.
The millers welcomed the bank’s direct effort to support their businesses.
Punjab National Bank held an agriculture outreach programme at Mandapeta in Dr B R Ambedkar Konaseema district.
The event brought together 50 rice millers from the region.
PNB officials explained agricultural banking and financing schemes and discussed the sector’s financial needs.
The bank’s approved Rice Mill Cluster Financing initiative covers Mandapeta, Kakinada, Amalapuram, Pithapuram and Tanuku.
Eligible rice millers can receive financing at attractive interest rates and with reduced service charges.
- Who
- Punjab National Bank officials and 50 rice millers, along with representatives of the Rice Millers Association.
- What
- PNB organised an agriculture outreach programme and presented its Rice Mill Cluster Financing initiative.
- Where
- Mandapeta in Dr B R Ambedkar Konaseema district, Andhra Pradesh.
- When
- Why
- To explain banking and financing schemes, address rice millers’ financial needs and support the rice milling sector.
Key facts
- Organiser
- Punjab National Bank
- Location
- Mandapeta, Dr B R Ambedkar Konaseema district
- Participants
- 50 rice millers
- Financing initiative
- Rice Mill Cluster Financing
- Covered centres
- Mandapeta, Kakinada, Amalapuram, Pithapuram and Tanuku
- Key benefits
- Attractive interest rates and reduced service charges
- Intended support
- Working capital and other financial requirements
Sources
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