Punjab National Bank (PNB) has partnered with Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMFL), better known as “AMUL” to offer financial services to Federation’s supply network pan India under the MUDRA scheme.
An MoU to this effect was signed between PNB and GCMMFL (Amul) at , New Delhi in the august presence of SriJayen Mehta, MD,GCMMFL, Sri M.Paramasivam, Executive Director, PNB, Sri Sunil Kumar Chugh, CGM(PNB), Sri Sunil Goyal, CGM (PNB), Sri Atul Agarwal, SGM & CFO, GCMMFL and other senior officials of PNB and Amul.
Via small ticket financing under MUDRA, the Bank will be financing Amul’s Retailers, Whole sale Dealers/Area Milk Distributors and exclusive AMULPreferred Outlets-Milk Parlours.
Sharing his thoughts on the partnership, Sri M. Paramasivam, ED, PNB said, “We are happy to be partnering with one of India’s largest food product marketing organizations. This association will not only accelerate Amul’ssupply chain but also,open unique opportunities for the Bank by expanding its customer base.
