PNB launches scheme for rickshaw pullers to become owners

New Delhi, May 15 (UNI) As a part its commitment to speed up financial inclusion, Punjab National Bank has launched a unique initiative to finance rickshaw pullers to enable them to become the owners of their vehicle.

PNB CMD K C Chakrabarty told newspersons here today that most rickshaw pullers have to hire their vehicles for which they pay an exorbitant rent of Rs 60 to Rs 70 per day.

He said the project has been initiated in right ernest at Varanasi in Uttar Pradesh and Patna in Bihar and helped rickshaw pullers to earn better incomes.

The PNB Head said the Bank has outlined an aggressive agenda to achieve financial inclusion.

The next target of the Bank would be to bring vegetable sellers and other marginalised groups under the fold of financial inclusion.

He said the Bank takes pride that it launched its first micro-finance branch in West Delhi yesterday.

He said the Bank plans to create a wave of development in the Indo-Gangetic plain, details of which would be unfolded in the days to come.

UNI MP/GS SR CS1808