Looking for an MSME loan from Punjab National Bank?

This page contains all the information you need about Punjab National Bank MSME loans to make a sensible and sound decision.

MSME Loans from Punjab National Bank

Being one of the largest public sector banks in India, Punjab National Bank (PNB) offers a range of loans to different segments of its customer base. PNB offers different loan options to its MSME customers. These schemes are designed to help business owners in the MSME sector set up business units, purchase equipment, conduct business activities, etc.

The MSME loans offered by Bank of India are:

  1. Working Capital Loan
  2. PNB Green Ride (E-Rickshaw Finance)
  3. PNB Mahila Udyami Loan
  4. Finance Against Electronic Negotiable Warehouse Receipts (e-NWR)
  5. Advances to Small Road Transport Operators
  6. PNB Sanjeevani Loan
  7. PNB Super Trade Loan
  8. Finance for Owner-Drivers of Taxi Cars, Tempos, etc.
  9. PNB Professional Scheme
  10. PNB General Credit Card Loan Scheme
  11. PNB Artisan Credit Card
  12. PNB Laghu Udyami Credit Cards
  13. Stand Up India
  14. PNB Weaver MUDRA Scheme
  15. PMMY (Mudra Loan)

We give you a brief introduction to each of these MSME loans below. In addition you have the option to click further and read in detail about each loan on a specific page of its own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. In case information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months.

Punjab National Bank Working Capital Loan for MSMEs

This loan scheme is designed to provide financial assistance to MSME units to help them finance their everyday operations such as for investment in current assets, purchase of raw materials, salary payments, power charges, etc.

Features of PNB Working Capital Loan for MSMEs

Why this Loan?

  • The Punjab National Bank MSME Working Capital Loan can be taken by MSME units for all projects and activities related to running the business on a day-to-day basis
  • The maximum loan amount sanctioned under this loan scheme is Rs. 10 lakh
  • Borrowers with threshold credit rating B1 and above are eligible for this loan

Punjab National Bank PNB Green Ride

This loan helps small transport operators in the MSME category buy e-rickshaws for commercial use. The loan can also be used for funding battery replacement after one year or two years.


Features of PNB Green Ride (e-Rickshaw Loan Scheme)

Why this Loan?

Punjab National Bank Mahila Udyami Loan

Previously known as Vanita Loan, this loan helps women running Micro, Small and Medium Enterprises fulfil their working capital and capital expenditure needs. The maximum loan amount sanctioned under this loan is Rs. 10 lakh. This loan scheme is one of the bank’s initiatives to empower and encourage women to engage in income-generating activities.

Features of PNB Mahila Udyami Loan

Why this Loan?


  • The PNB Mahila Udyami loan is meant for small businesses run by women to finance their capital requirements
  • All MSME businesses in the manufacturing, service and trading sectors where the management is controlled by women and partnerships where a majority of partners are women are eligible for this loan
  • The funds from this loan can be availed for setting up a new unit / enterprise; expansion / modernization of existing unit; and acquisition of fixed assets such as machinery, equipment, furniture and fixtures

Punjab National Bank Financing Against Electronic Negotiable Warehouse Receipt (e-NWR)

This loan scheme is designed to provide financial assistance to farmers, traders, exporters and importers dealing with non-perishable agricultural commodities against negotiable warehouse receipts. This is a need-based loan.

Features of Punjab National Bank Financing Against e-NWR

Why this Loan?

  • The PNB e-Godam Loan is perfect for small businesses that need financial assistance against negotiable warehouse receipts issued by repositories approved by WDRA for stocks or goods stored in WRDA-accredited warehouses
  • This is a short-term loan and must be repaid within 12 months

Punjab National Bank Loan to Small Road Transport Operators

This loan helps Small Road Transport Operators in the Micro, Small and Medium Enterprises sector to buy commercial vehicles. This loan can be availed on the purchase of brand new vehicles as well as pre-owned vehicles for business use.

Features of PNB Loan to Small Road Transport Operators

Why this Loan?

Punjab National Bank Sanjeevani Loan

This loan helps doctors and medical practitioners meet their working capital requirements or capital expenditure right from setting up a clinic, nursing home, hospital or pathology lab to purchase of equipment, vehicles or ambulance. The maximum loan amount sanctioned by the bank for this loan scheme is Rs. 5 crore.

Features of PNB Sanjeevani Loan Scheme

Why this Loan?

  • This Punjab National Bank PNB Loan Scheme for Doctors is meant for medical practitioners who need financial assistance in fulfilling their working capital and capital expenditure needs
  • Qualified Medical practitioners from different branches of medicine such as Allopathy, Homeopathy, Unani, Ayurveda, etc. are eligible for this loan if they have experience in running the business
  • Individuals, Proprietors, LLPs, Trusts and companies can also avail this loan if a qualified doctor owns majority stake in them. The minimum qualification is MBBS, BAMS, BDS, BHMS, etc.

Punjab National Bank Vyapaar Loan

This loan helps retail and wholesale traders, distributors and agencies who deal in goods or commodities (indigenous or imported) in the MSME sector to meet their working capital needs. The maximum loan amount is Rs. 5 crore for this loan.

Features of PNB Vyapaar Loan

Why this Loan?

  • Previously known as the PNB Super Trade Loan, the PNB Vyapaar Loan is meant for trading businesses in the MSME sector to meet their Working Capital needs
  • The bank is offering high quantum of loan in this category to traders as compared to other banks and financial institutions in the market

Punjab National Bank Transport Loan

This loan helps Small Road Transport Operators in the Micro, Small and Medium Enterprises sector to buy passenger vehicles such as taxi cars, three-wheelers, e-rickshaws, cargo vehicles, etc. This loan can be availed on the purchase of brand new and old vehicles or construction of body including fare-meter.

Features of PNB Transport Loan

Why this Loan?

  • The PNB Transport Loan is meant for Passenger Vehicle Transport Operators in the MSME sector to acquire funds for purchasing new and pre-owned passenger vehicles for business use
  • Collateral-free loans of up to Rs. 10 lakh can be availed under this loan scheme subject to coverage under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) guarantee

Punjab National Bank PNB Professional Scheme

This loan helps Architects, Engineers, Lawyers, CA, CS, etc. purchase of office, equipment, construction of office, expansion of unit, etc. Term loans are need-based and the maximum loan amount depends on the needs as well as the repayment capacity of the borrower. Working Capital loans in the form of Cash Credit/Overdraft are available for up to Rs. 25 lakh.

Features of Punjab National Bank PNB Professional Scheme

Why this Loan?

  • The PNB Professional Loan Scheme is meant for CA, CS, architects, lawyers, engineers, etc. to help them purchase office area, construct an office unit, purchase or upgrade equipment and so on
  • Need-based term loans and working capital loans are available under this scheme to eligible borrowers

Punjab National Bank General Credit Card Loan Scheme

This loan helps MSME businesses in the non-agricultural sector meet their working capital and capital expenditure needs. The maximum loan amount is Rs. 5 lakh.

Features of PNB General Credit Card Loan Scheme

Why this Loan?

  • This Punjab National Bank General Credit Card Scheme is meant for MSME businesses that need financial assistance in fulfilling their working capital and capital expenditure needs
  • All MSME businesses engaged in the non-farm entrepreneurial activities are eligible for this loan

Punjab National Bank Artisan Credit Cards

This is a credit card-based-loan scheme which is offered by the bank to artisans involved in the production/manufacturing process. The maximum loan amount is capped at Rs. 2 lakh per borrower for this loan

Features of Punjab National Bank Artisan Credit Cards

Why this Loan?

  • Punjab National Bank offers the PNB Artisan Credit Card to Indian artisans to help them meet their working capital needs
  • The credit card is valid for 3 years

Punjab National Bank Laghu Udyami Credit Cards

This is a credit card-based-loan scheme which is offered by the bank to existing Micro and Small Enterprise units who have had satisfactory dealings with the bank for over 3 years. Retail traders, artisans, village industries, SME professionals and self-employed professionals are also eligible for this loan.

Features of Punjab National Bank Laghu Udyami Credit Cards

Why this Loan?

  • The bank offers the PNB Laghu Udyami Credit Card to its existing MSE customers to help them deal with their working capital needs
  • The maximum loan amount is capped at Rs. 10 lakh per borrower for this loan
  • This is a secured loan and must be repaid within 3 years

Punjab National Bank Stand-up India Loan Scheme

This loan is designed to help women and SC/ST entrepreneurs set up greenfield enterprises in India. Greenfield enterprises eligible for this loan scheme are all first time ventures of women and SC/ST beneficiaries in the manufacturing, trading and services sector. The maximum loan amount for this loan is Rs. 1 crore.

Features of PNB Stand-Up India Loan

Why this Loan?

  • This loan is meant for encouraging people from the SC/ST category and women entrepreneurs to set up greenfield enterprises in the manufacturing, services or trading sectors. In the case of non-individual enterprises, at least 51% of the company stakes should be held by women or people in the SC/ST category
  • The maximum loan amount for the Punjab National Bank Stand-up India loan is Rs. 1 crore

Punjab National Bank Weaver Mudra Loan Scheme

This loan helps weavers get the funds to meet their working capital and capital expenditure needs. The maximum loan amount is Rs. 5 lakh. Weavers with a satisfactory CIBIL score are eligible for this loan.

Features of PNB Weaver Mudra Loan Scheme

Why this Loan?

  • The loan is meant for weavers in the MSME sector get funds to meet their working capital needs
  • The Punjab National Bank Weaver Mudra Loan is extended as an Overdraft (OD) or Cash Credit facility based on the needs of the borrower
  • The bank issues a MUDRA card with limit up to Rs. 50,000 that the weaver can use to withdraw money from the bank’s ATM

Punjab National Bank Mudra Loan Scheme

This loan helps unfunded individuals, proprietors or partnerships running small manufacturing units, fruit and vegetable shops, food service units, repair shops, small industries and so on get funds for their business needs. The maximum loan amount is Rs. 10 lakh.

Features of Punjab National Bank Pradhan Mantri Mudra Yojana (PMMY)

Why this Loan?

  • The loan is meant for Non-corporate Small Business Segment get funds to meet their Working Capital needs
  • The Punjab National Bank Mudra Loan is divided into three variants depending on the type and size of business, namely Shishu, Kishore and Tarun. The quantum of loan depends on the loan variant applicable to the business

Important Note: Even though the bank’s website has information available for few loan schemes at this time, there is a possibility that the bank may offer more loan options that are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, strategic premium, etc. may be decided on a case-to-case basis.

Interest Rate for Punjab National Bank MSME Loans

  • The interest rate applicable to Punjab National Bank MSME loans is defined as the sum of two factors: one-year Marginal Cost of Funds Based Lending Rate and Credit Risk Rating of the borrower. Please get in touch with the bank representatives to know the interest rate applicable on any particular loan scheme

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Self-attested A4 size copies of the aforementioned documents

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • Self-attested A4 size copies of the aforementioned documents

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • Self-attested A4 size copies of the aforementioned documents

Reference Facts

  • Punjab National Bank Website: www.pnbindia.in and www.netpnb.com (net banking)
  • Headquarters: Dwarka, New Delhi
  • Call Centre Toll-Free Number: 1800 180 2222, 1800 103 2222