There are many different types of facilities provided to the customers by Punjab National Bank. If you too have an account in the Punjab National Bank, then now you will get the benefits ranging from Rs 1 lakh to Rs 25 lakh. So, if you are planning to start your own business and, you need financial help for your firm, company, then you can easily take the benefit of the same.
PNB Tatkal Scheme
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The name of the scheme by Punjab National Bank is the PNB Tatkal scheme.
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The bank has given the information about this scheme by tweeting and the main objective of this scheme is to provide a hash-free credit facility.
PNB in Its Tweet
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Punjab National Bank tweeted that under the PNB Tatkal scheme, customers can get financial help in the form of cash credit & term loans.
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For more information about this scheme, you can also visit the official link of the PNB Tatkal Scheme.
Who Can Get Benefit?
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Businesses, firms, companies, Limited Partnership, and Co-operative Society &Trust will get the benefit of this scheme.
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Let us inform you that whoever is taking the advantage of this scheme, it is necessary to have a GST number.
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Person, who takes the advantage of this scheme must be GST registered.
These Are the Benefits
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In this scheme, customers will get the facility of cash credit for working capital.
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Apart from this, a term loan facility will also be available to buy the fixed assets.
For How Long Can One Take Loan
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Under this scheme of Punjab National Bank, you can take cash credit for 1 year after the annual renewal.
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At the same time, you can take a term loan for up to 7 years (there will be a moratorium period of 6 months).
Rate of Interest
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In this scheme of Punjab National Bank, the rate of interest will be according to the bank policy guideline.
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Note: The PNB Tatkal Scheme is beneficial for all those persons, who want to start their own profitable business, anyone can avail the benefit of this scheme including the people from rural areas.
