Excelsior Correspondent
JAMMU, Jan 30: Punjab National Bank (PNB), Jammu in collaboration with Association of Industries (AoI), Gangyal organized a MSME meet today in which over 100 entrepreneurs participated.
The MSME meet was inaugurated by GS Gandhoke, Field General Manager, PNB in presence of Virinder Sharma, Director MSME, ML Mir, Deputy General Manager, PNB, J&K Circle, Rajesh Jain, President and SB Abrol, general secretary, Association of Industries, Gangyal.
Speaking on the occasion, GS Gandhoke said that during the financial year, PNB achieved a growth rate of 21.63 per cent in financing to MSE for the FY ended March’2014 as against the stipulation of 20 per cent of Government of India.
ML Mir in his address said that the main objective of this meet was to create awareness among the entrepreneurs regarding the various schemes of MSME. To meet credit needs of Micro Enterprises, particularly to those who are not able to meet collateral security/guarantee requirements of financial institutions, PNB is extending collateral security free and guarantee free loans upto Rs 100 lakh to all Micro and Small Enterprises borrowers and these accounts are covered under credit guarantee scheme of Credit Guarantee Fund Trust for Micro and Small Enterprises, he added.
Mir explained various schemes offered by them to micro and small enterprises.
Rajesh Jain said such meeting creates a base for two way communication amongst the stakeholders and linking them to formal banking sector was necessary for overall development of the economy.
BM Fazili, Assistant General Manager, PNB, J&K circle, SK Sawhney, Chief Manager and SP Sharma, senior Manager BO Gangyal were also present.
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