New Delhi: Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with the Government of Assam to facilitate convenient and affordable housing and vehicle finance for eligible state government employees and employees of state public sector undertakings (PSUs). The agreement has been signed under the Assam government’s ‘Apon Ghar’ and ‘Apun Bahan’ schemes.
The partnership aims to improve access to credit for eligible employees, helping them meet their housing and vehicle financing requirements. The initiative reflects the commitment of PNB and the Assam government to supporting the financial well-being of government employees through accessible banking and lending services.
PNB Signs MoU with Assam Government Under Apon Ghar and Apun Bahan Schemes
The MoU establishes a partnership between Punjab National Bank and the Government of Assam to facilitate housing and vehicle loans for eligible state government and state PSU employees.
Under the agreement, the bank will support access to financing through the two schemes:
- Apon Ghar Scheme: Supports eligible employees in meeting their housing finance requirements.
- Apun Bahan Scheme: Supports eligible employees in meeting their vehicle financing requirements.
The partnership is intended to make credit more convenient and affordable for eligible beneficiaries, helping them address important financial needs related to homeownership and vehicle purchases.
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MoU Signed by PNB and Assam Government Officials
The agreement was formally signed by representatives of Punjab National Bank and the Government of Assam.
The signatories were:
- Mr. Syed Isfaqur Rahman: Secretary to the Government of Assam, Finance Department, representing the Assam government.
- Pankaj Kumar: Deputy General Manager, Zonal Office, Guwahati, representing Punjab National Bank.
The agreement brings the state government and the public sector bank together to facilitate access to housing and vehicle finance for eligible employees.
Partnership to Improve Access to Housing and Vehicle Finance
The collaboration aims to provide eligible state government and state PSU employees with convenient access to credit for their housing and vehicle requirements.
Housing finance can help eligible employees meet expenses associated with purchasing or financing a home, while vehicle finance can support their transportation needs, subject to the applicable scheme and loan conditions.
Key objectives of the partnership include:
- Improving access to affordable housing finance.
- Facilitating vehicle loans for eligible employees.
- Making banking and credit services more convenient.
- Supporting the financial well-being of state government and state PSU employees.
- Strengthening cooperation between Punjab National Bank and the Government of Assam.
The initiative highlights the role of banking partnerships in supporting the financial needs of public sector employees.
PNB and Assam Government Focus on Employee Financial Well-Being
The MoU reflects the shared commitment of Punjab National Bank and the Government of Assam to improving financial access for eligible employees.
By facilitating housing and vehicle finance under the Apon Ghar and Apun Bahan schemes, the partnership aims to provide employees with additional access to credit for major personal and household requirements.
The initiative also strengthens cooperation between the state government and the banking sector in delivering financial services tailored to the needs of eligible beneficiaries.
About Punjab National Bank (PNB)
Punjab National Bank (PNB) is one of India’s leading public sector banks, offering a wide range of banking and financial services to individuals, businesses and institutions. Established in 1894, the bank provides services including savings and current accounts, loans, digital banking, and corporate finance through its extensive branch and banking network across India.
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