Current Affairs - Banking - Discussion

Punjab National Bank (PNB) signed a significant ₹21,000 crore Memorandum of Understanding (MoU) with the Rajasthan government as part of the Rising Rajasthan initiative. The collaboration focuses on empowering MSMEs, promoting women entrepreneurs, and strengthening digital financial inclusion across the state. PNB aims to facilitate easier access to credit, encourage adoption of modern technology, and provide financial support to women-led enterprises. As part of this initiative, 2,000 loan letters were distributed to women entrepreneurs in Jaipur. This MoU represents a step toward socio-economic development and inclusive growth, reinforcing PNB’s role in driving financial empowerment in Rajasthan.