THEBUSINESSBYTES BUREAU

NEW DELHI, FEBRUARY 3, 2026

Punjab National Bank (PNB) has taken a significant step towards strengthening inclusive finance by signing a Memorandum of Understanding (MoU) with MSC India Consulting Pvt. Ltd., aimed at enhancing last-mile credit access across the country. The collaboration is designed to expand institutional credit support for women micro-entrepreneurs while reinforcing the Self-Help Group (SHG)–Bank linkage programme under the National Rural Livelihoods Mission (NRLM) and State Rural Livelihoods Mission (SRLM) framework.

Through this strategic partnership, PNB and MSC India Consulting will work closely to improve credit outreach in underserved and semi-urban regions, ensuring that women-led micro enterprises gain timely access to formal financial services. The initiative aligns with the broader national objective of empowering grassroots entrepreneurs, strengthening livelihoods, and accelerating socio-economic development through sustainable financing models.

Commenting on the signing of the MoU, Shyam Sunder Singh, General Manager (AGRI), Punjab National Bank, said, “This initiative is the bank’s significant step towards strengthening last-mile credit delivery, empowering women-led enterprises, and fostering sustainable livelihoods in India’s grassroots and semi-urban regions.” He added that partnerships such as this play a critical role in bridging credit gaps and bringing more women entrepreneurs into the formal banking ecosystem.