Punjab National Bank (PNB), the public sector lender has been awarded ‘Skoch Financial Inclusion Award - 2012’ by the Skoch Development Foundation on January 05, 2012. The bank has been awarded under ‘Access to Banking and Financial Services’ category for its Jana Mitra Rickshaw Scheme.
The Janamitra Rickshaw Scheme of the bank is an attempt to provide banking services to the unbanked population in the country and has been designed to help the vast number of Rickshaw pullers operating in cities. The scheme aims at addressing three basic issues of availability of a good quality rickshaw, cheap finance to the beneficiaries and support for maintenance of the rickshaw.
PNB Janamitra scheme is designed to provide need based finance on easy terms and conditions and covers cost of rickshaw, uniform for the rickshaw puller, municipal license fee for two years and premium for life and health insurance for three years. Approximately 10,000 rickshaw pullers in 25 different cities have been covered under the scheme.
