MOU signed between Neelam Cycles and Union Bank of India to finance Neelam E- Rickshaws and Neelam E-Loaders
Today Seth Industrial Corporation manufacturers of Neelam Cycles, e rickshaws and e loaders signed a Memorandum of Understanding with Union Bank of India to exclusively finance Neelam Brand E-Loader & E-Rickshaw to common rickshaw pullers under the Mudra Scheme.
City Air News
Aug 21, 2023 08:53
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Ludhiana, August 21, 2023: Today Seth Industrial Corporation manufacturers of Neelam Cycles, e rickshaws and e loaders signed a Memorandum of Understanding with Union Bank of India to exclusively finance Neelam Brand E-Loader & E-Rickshaw to common rickshaw pullers under the Mudra Scheme. The finance availability will start from the state of Punjab and soon it will cover all over the nation. This MOU is based on the Mudra Scheme of the Government of India.
The MOU was signed by K. K. Seth Chairman along with Rajesh Seth of Seth Industrial Corporation and Rakesh Mittal DGM Union Bank of India Amit Kumar Deputy DGM and Lekhnath Jha Branch Manager Ludhiana Branch of Union Bank of India.
The E-Loader & E-Rickshaw are environment friendly as they do not emit any pollution. E-Loader & E-Rickshaw will also help the Smart City Projects by not producing any kind of noise pollution or air pollution. It will also generate employment opportunities, also this will increase the income of Rickshaw Pullers.
