Punjab National Bank (PNB) has extended financial assistance worth ₹17 crore to the families of 26 martyred soldiers through its Rakshak Plus Scheme. This initiative reinforces the bank’s commitment to social responsibility and honors India’s armed forces.
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In a strong gesture of gratitude and national service, Punjab National Bank (PNB) has provided a total of ₹17 crore in financial assistance to the families of 26 martyred soldiers under its Rakshak Plus Scheme. This special initiative is designed to provide comprehensive financial support to defense personnel and their families during times of crisis.
The Rakshak Plus Scheme, a part of PNB’s broader efforts toward social responsibility, ensures immediate monetary relief and a host of benefits tailored for the armed forces community. According to bank officials, the scheme has emerged as a crucial financial lifeline for the dependents of personnel who made the ultimate sacrifice for the nation.
The assistance, disbursed without delays, covers insurance claims, fixed deposit settlements, loan waivers, and educational support for dependents. The initiative also includes free accident insurance coverage, attractive interest rates, and simplified procedures for opening and managing accounts.
PNB’s Managing Director and CEO, Atul Kumar Goel, emphasized that this step reflects the bank’s deep respect for the armed forces and its continuous efforts to support their families. “We understand the depth of sacrifice made by these heroes, and Rakshak Plus is our small tribute to their legacy,” he stated.
The Rakshak Plus Scheme has been recognized by both government bodies and civil society organizations for its transparent process and significant impact on bereaved families. Many beneficiaries expressed gratitude for the timely support that helped them manage immediate expenses and secure the future of their children.
In the wake of rising border tensions and increasing risks faced by military personnel, initiatives like Rakshak Plus play an instrumental role in boosting morale and reassuring service members that their families will be taken care of.
Punjab National Bank continues to work closely with the Ministry of Defence to enhance the scheme’s reach and benefits. Future plans include digital onboarding, instant settlement systems, and partnerships with welfare boards for better access in remote areas.
