22 Sept 2022: Recently Punjab National Bank has announced a happy news for millions of farmers of the country. Through a special scheme of Punjab National Bank, farmers will be given a loan of Rs. 50,000. The bank informed that the farmers can use this money for other purposes besides agriculture. Let’s know under which scheme Punjab National Bank is providing this facility.
Punjab National Bank started then loan scheme for farmers. Punjab National Bank gave details about this on their official Twitter page. In this tweet, Punjab National Bank informed that farmers can apply for loans under this scheme. The money from this loan can be used by farmers for other personal activities besides farming.
It is also informed that the applicant must be a farmer in order to get this then loan facility of Punjab National Bank. Also having Farmer Credit Card is mandatory. At the same time the applicant farmer should show the correct bank statements of the last two years. The bank has informed that the applicant farmers will get a maximum loan of 25 percent of the current credit limit through this scheme.
Through this project, the applicant can get a maximum loan of 50 thousand rupees from the bank. The most important thing is that the applicant does not have to mortgage any property to avail this loan. Also, no guarantor is required for taking this loan. The farmer will get a maximum period of five years to repay this loan. Farmers can repay this loan very easily through installments.
It has been informed by the bank that the interested farmers can apply for this loan by filling the specified form by going to the Punjab National Bank branch. Besides, eligible farmers can also apply for loan by visiting the official website of Punjab National Bank.
(Disclaimer: This post has been auto-published from an agency feed without any modification to the text and has not been reviewed by an Borokpost editor)
