New Delhi : Punjab National Bank (PNB), the nation’s leading public sector bank, is offering a concessional interest rate to MSME customers aged 18-35 under its MSME Prime Plus Scheme. This initiative aims to drive innovation, support job creation, and make financing more accessible to the younger generation.
Eligible customers can benefit from a 0.05% concession on the existing rate of interest for a one-year period, ensuring that the ROI (should not go below) minimum threshold of RLLR (Repo Linked Lending Rate) + BSP (Bank-Specific Spread).
For non-individual enterprises, such as partnership firms and private limited companies etc., the concession applies if a minimum of 51% shareholding and controlling stake are held by individuals within the specified age bracket.
