Current Affairs - Banking - Discussion

Punjab National Bank (PNB) has tied up with National Scheduled Castes Finance and Development Corporation(NSFDC). The agreement is to provide financial assistance for economic empowerment of persons belonging to Scheduled Caste (SC) families living below Double Poverty Line (DPL). They will be setting up self-employment projects and skill-training grants to unemployed SC persons living below Double the Poverty Line. Under this tie-up, PNB would also act as a channelising agent for the loan schemes of NSFDC.