With a vision of empowering the AGRI, Allied AGRI, MSME Segment, Women Entrepreneurs and Small Businesses, Paisalo Digital has signed co-lending loan agreement with Punjab National Bank (PNB). This agreement is in conformity with the latest RBI circular on Co-lending of loans as released on November 05, 2020.
PNB-Paisalo Co-lending platform will leverage on PNB's low cost of funds on the liability side and Paisalo's origination and rule engine underwriting capabilities on the asset side, with the help of end to-end digital platform for sourcing, servicing, and recovery of small ticket income generation priority sector loans.
Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.
