Delhi is now not only the capital of politics, but is also becoming a big hub of startups. Many startups are coming out of Delhi. Keeping this in mind, Punjab National Bank (PNB) has started its first startup-focused branch at Bhikaji Cama Place.

This step is directly linked to the Startup India Mission, which aims to provide easy banking and financial support to entrepreneurs across the country. Now, startups will get everything from financing to special schemes under one roof.

Purpose of PNB's new branch

This startup branch of PNB has been created especially for those entrepreneurs who are starting a new business. Startups will get many facilities here -

Easy banking solutions

Business loans and credit facilities

Customized schemes

Financial counseling

Investment and cash flow management

Many big names were present in the program.

MoU between STPI and PNB

An agreement (MoU) has also been signed between PNB and STPI. Under this:

STPI will provide a list of its incubated, onboarded, and graduated startups to the bank.

PNB will provide financial support and banking schemes to these startups.

STPI and PNB together will create a strong ecosystem for startups.

PNB's thinking and plan

PNB MD Ashok Chandra said that the bank's aim is to give new wings to India's startup aspirations. He said that this branch will be a "one-stop banking solution" where startups will get every necessary facility for financing and growth.

STPI's view

STPI Director General Arvind Kumar said that this partnership will create a strong ecosystem. In this, PNB's banking expertise and STPI's technology experience will help startups to grow rapidly.

Startups will get big benefits.

Startups will get many benefits from the opening of this branch:

Convenience Benefits to Startups

Easy loan Funding without much paperwork

Schemes Customized banking package

Networking Support of both STPI and PNB

Guidance Help from business experts

Conclusion

This initiative of PNB will further strengthen the startups of India. This is not just a banking branch but a big support for those entrepreneurs who want to turn their dreams into reality. In collaboration with STPI, this branch will prove to be an important step towards making India a global startup hub in the coming times.

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