Jaipur, Rajasthan – In a significant move to accelerate the state’s development, Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan. This strategic partnership, part of the “Rising Rajasthan” initiative, will see PNB provide a substantial financial commitment of ₹21,000 crore to support various eligible projects across the state.
The agreement, formalized in the presence of key officials, aims to create a dedicated framework for financing key infrastructure and social welfare projects. PNB’s extensive branch network and digital capabilities are expected to be instrumental in driving financial inclusion and socio-economic progress in the region.
As a testament to its commitment, PNB’s leadership also distributed 2,000 loan sanction letters to women entrepreneurs at a self-help group loan ceremony. The bank is also encouraging Micro, Small, and Medium Enterprises (MSMEs) to leverage its digital platforms to access government schemes, further solidifying its role as a key partner in Rajasthan’s ambitious growth agenda.