PNB launches new scheme for farmers

New Delhi: Punjab National Bank (PNB) has launched a new scheme under the name of `PNB Sampurn Rin Yojana' to supplement farmers' incomes.

Under the scheme, farmers are provided with credit for meeting expenditure on growing crops, rearing animals and for purchase of farm assets like tractors, pump sets and farm equipment.

Besides, loans are also provided for non-farm sector activities like processing, storage, post-harvest technology.

Farmers who are owner-cultivators, tenants, lessee or allottee farmer with recorded occupancy rights or farmers with ancestral/perpetual rights of cultivation are eligible for loan either individually or in groups under this scheme.

A PNB release said that need-based credit would be provided to the farmers in the form of cash credit, term loan, overdraft and composite loans.