PNB Launches From 2nd June Monthly Agriculture Outreach Programme to Boost Rural Financing
FinTech BizNews Service
Mumbai, May 31, 2025: Punjab National Bank, India’s leading public sector bank, is set
to roll out its monthly nationwide Agriculture Outreach Programme on June 2, 2025.
Aimed at supporting agricultural communities across the country, this initiative will take
place on the first day of every month, ensuring consistent engagement with farmers and
agri businesses.
The program seeks to enhance awareness and access to financing for a broad spectrum
of agricultural needs—from traditional farming practices to modern high-tech solutions.
PNB will facilitate this outreach through Krishi Chaupals, Digital Zones, and PNB
Booths, reinforcing its commitment to rural financial inclusion and empowerment.
Key Focus Areas:
Self-Help Groups (SHGs): Strengthening SHGs with Micro Credit Plan-based
financing to enable the expansion of business ventures.
Agriculture Infrastructure Fund (AIF): Providing financial support for farm
mechanisation, storage facilities, cold storage, and Custom Hiring Units to
improve productivity and market access.
Formalisation of Micro Food Processing Enterprises (PMFME): Offering
grants, loans, and subsidies to micro food processors for upgrading
infrastructure, improving quality standards, and expanding market reach.
Other Priority Areas: Supporting National Livestock Mission, Precision
Farming, Hi-Tech Agriculture, and Food & Agro Processing Units, fostering
innovation and rural development.
Commenting on the initiative, Shri Ashok Chandra, MD & CEO of PNB, emphasized the
bank’s dedication to strengthening India’s agricultural sector:
& Agriculture forms the backbone of our economy. We remain deeply committed to
empowering farmers and rural communities. Through this outreach program, we aim to
provide easier access to credit, raise awareness about our digital lending solutions, and
forge partnerships that strengthen the agricultural value chain."
This ongoing initiative marks a significant step in bridging the gap between financial
institutions and the agricultural sector, ensuring sustainable growth and economic
progress for rural India.
