Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with Government e-Marketplace (GeM) to enhance financial access for sellers registered on the platform. 

Under the agreement, PNB has been onboarded as a lending partner under the GeM Sahay initiative, offering multiple benefits to sellers by enabling quick access to collateral-free short-term loans against GeM purchase orders, thereby improving liquidity and easing cash flow challenges. This partnership particularly empowers MSMEs and small businesses that often face challenges in accessing timely and affordable formal credit, while ensuring transparency and efficiency through digital, paperless loan processing.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.