PNB sign MoU with state housing department to provide loans to EWS & LIG

A memorandum of understanding (MoU) has been signed between the state housing department and the Punjab National Bank (PNB) for providing loans to people economically weaker section (EWS) and lower income group (LIG).

For providing loans to the aspiring applicants the bank will be signing MoU with 22 development authorities in the state. In a press statement bank stated they have already signed agreements with development authorities in Gorakhpur, Varanasi, Meerut, Moradabad, Hapur and Allahabad.

While on Saturday PNB's circle head (Lucknow circle), BL Gupta signed an agreement with Lucknow Development Authority (LDA), which will be constructing as many as 10,000 houses in the EWS and LIG category. In a statement bank stated, "The main points which were covered in the MoU were execution of tripartite agreement with the allotee, creation of customer help desks by PNB at allotment office of LDA, expeditious and prompt sanctioning of loans to allot tee and sharing of allot tee database between two organizations".