pnb MAHILA SASHAKTIKARAN ABHIYAN

(pnb WOMEN EMPOWERMENT CAMPAIGN)

 

To give necessary momentum  to credit flow to women, PNB is extending the following relaxations in advances to women beneficiaries irrespective of the Scheme and quantum of loan to boost credit flow to women as a part of “pnb MAHILA SASHAKTIKARAN ABHIYAN”  (“pnb WOMEN EMPOWERMENT CAMPAIGN”):

 

Special features of “pnb MAHILA SASHAKTIKARAN ABHIYAN” includes several benefits in terms of softer interest rates ; lower margins and partial waiver of processing fee. These initiatives are aimed at making credit availability to women at easy terms, enabling better facilities, which include

 

 

-          Reduction in  Interest rate by 0.25% in Non-Priority Sector Advances

 

-          Reduction in  Interest rate by 0.50% p.a. in Priority Sector advances.

 

-          Margin is reduced to 10%, wherever the margin requirement is more than 10%.

 

-          Waiver of 50% upfront fee (wherever applicable)

 

  Above relaxations will not be permissible in case of advances to women beneficiaries against Bank's own deposits and in Differential Rate of Interest Scheme.( already concessional rate of 4% p.a.)

 

  Presently in PNB concessions are also available under PNB Festival Season Bonanza. Some concessions may also be introduced in Weaker Sectors and other Sectors. Only a single concession be made available as per the option of the women beneficiaries. Simultaneous advantage of  more than one concession cannot be made available under any circumstances.

  Women staff availing credit facilities under public schemes in Non Priority Sector will be extended the above relaxations. The ralaxations to women staff are not extended wherever the advance to them are granted for the sake of being a staff member.

 

  The concessions are effective from 1^st October 2002 and available to all existing as well as new Women Beneficiaries.