New Delhi, February 2, 2026 – Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with MSC India Consulting Pvt. Ltd. to strengthen last-mile access to formal credit and accelerate inclusive finance initiatives across India.
Under the partnership, PNB and MSC India Consulting will work together to expand financing support for women micro-entrepreneurs and reinforce the Self-Help Group (SHG)–Bank linkage programme, a key pillar of the country’s financial inclusion framework.
The collaboration aims to improve credit access within the National Rural Livelihoods Mission (NRLM) and State Rural Livelihoods Mission (SRLM) ecosystem by enabling structured financial linkages, capacity building, and smoother flow of institutional credit to underserved communities.
According to the bank, the initiative will help strengthen grassroots-level credit delivery, empower women-led enterprises, and promote sustainable livelihood opportunities in rural and semi-urban areas.
Punjab National Bank said the partnership aligns with its broader objective of supporting inclusive growth by leveraging institutional partnerships to deepen financial penetration and enhance access to formal banking services.
The MoU underscores PNB’s continued focus on strengthening its role in priority sector lending and supporting government-led livelihood programmes through targeted credit interventions.