Which organization in Punjab provides financial assistance and support to entrepreneurs to set up industrial units?

Key Points

• The Punjab State Industrial Development Corporation (PSIDC) is an organization that provides financial assistance and support to entrepreneurs in Punjab.
• PSIDC is focused on setting up and promoting industrial units within the state of Punjab to boost industrial development.
• It offers various schemes and incentives to encourage the establishment of new industries and the expansion of existing ones.
• PSIDC acts as a facilitator between the state government and industrialists to ensure smooth and efficient operations of industrial projects.

Additional Information

• Punjab State Cooperative Bank
  • The Punjab State Cooperative Bank primarily caters to the cooperative banking sector and provides banking services to cooperative societies and their members.
  • Its main focus is on providing agricultural and rural credit to farmers and rural enterprises.
• Finance Department, Punjab
  • The Finance Department of Punjab handles the financial and budgetary matters of the state government.
  • It is responsible for formulating and implementing the state's fiscal policies and managing the state's finances.
• Punjab National Bank
  • Punjab National Bank (PNB) is a nationalized bank in India offering a wide range of banking and financial services to individuals, businesses, and government entities.
  • It provides loans, savings accounts, credit facilities, and other banking services but is not specifically focused on industrial development in Punjab.