[Resolved]  PNB — non receipt of subsidy payment from punjab national bank

Address:

Surat, Gujarat

Respected sir ,
We are having embroidery unit in the name of rushiraj embroidery at c/74,pramukh park industrial estate,padesara,surat.We have purchased two embroidery machine in year 2007 for which we have taken loan under tuff scheme from Punjab national bank majura branch surat.Till date we have paid our installments to bank regularly.After complition of period required under tuff scheme, we have inquired regarding our payment of subsidery amount whether it is received or not ? The bank manager stated that it is yet not released from central govt.We frequntly inquired regarding our payment, as all our neighbouring unit received payment from respective bank, than we again inquired, now bank stated your payment is yet not received.During month of march 2010 we have written a letter to head branch of punjab national bank delhi and copy to HR.The branch manager told us that your file is not traceble at circul office,and it is misplaced by the bank's staff.Than branch sent another copy of our file to circul office.We have approched manager of bank at relevent time.He stated that your case will be put up in board meeting and thereafter we will decide what to do.
Sir we request you to intervene in this matter.We are micro small scale unite, having poor financial condition.Now-a-days there is no margin in the embroidery work.It is very difficult to survive for small unite.We have timely lodge our claim with bank but after passing three years now bank stated that file is misplaced.
In entire episode there is no mistake from our side.It is here to mention that we requirely getting money of interest subsidiary from state govt.
We humbly requesting you sir to please intervene in this matter and direct the bank of realize our tuff subsidiary amount.

Yours faithfully
Rutvij.R.Rao
pro.Rushiraj embrodery