Latest News | BoM Signs MoU with Ministry of Science and Technology
Get latest articles and stories on Latest News at LatestLY. Bank of Maharashtra (BoM) has signed an agreement with the Ministry of Science and Technology for opening a Central Nodal Agency (CNA) account for implementing a central sector scheme under the ministry.
New Delhi, May 15 (PTI) Bank of Maharashtra (BoM) has signed an agreement with the Ministry of Science and Technology for opening a Central Nodal Agency (CNA) account for implementing a central sector scheme under the ministry.
As per the memorandum of understanding (MoU), BoM will open a CNA account as well as subsidiary accounts of the implementing agency through which the funds will reach the end beneficiaries and vendors under the central sector scheme, the bank said in a statement on Sunday.
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The bank will help facilitate fund flow to beneficiaries under the 'Science and Technology Institutional and Human Capacity Building' scheme, it said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)