Jaipur: Punjab National Bank (PNB), one of India’s leading public sector banks, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan under the state’s flagship ‘Rising Rajasthan’ initiative. The agreement was formalized in the presence of Rajasthan Chief Minister Bhajan Lal Sharma, Principal Secretary (Finance) Vaibhav Galriya, and PNB MD & CEO Ashok Chandra.
Framework for Financing Development Projects
The MoU establishes a framework for financing eligible projects aligned with Rajasthan’s ambitious development agenda. It aims to unlock opportunities across infrastructure, social welfare, and state-led growth sectors, enabling the rapid execution of priority projects.
Driving Socio-Economic Progress
PNB’s collaboration reinforces its commitment to advancing socio-economic development nationwide. By supporting Rajasthan’s vision for inclusive growth, the bank seeks to expand financial access, strengthen state-level initiatives, and promote sustainable development.
About PNB
Punjab National Bank (PNB), a leading nationalized bank under the Ministry of Finance, operates a vast network of branches and services across India. Established in 1894, PNB continues to play a pivotal role in advancing financial inclusion, empowering businesses, and supporting socio-economic transformation through strategic partnerships and initiatives.
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