| News Details |
| DC Anantnag launches 1492 cr NABARD credit potential | |
Anantnag, February 16, (Scoop News)-The Potential-linked Credit Plan (PLP) prepared by NABARD for 2018-19 was launched by District Development Commissioner Mohammad Younis Malik in a High Level District Level Consultative Committee meeting held at Anantnag. The meeting was attended by officers of NABARD, RBI, Line Departments and Banks.
The total credit potential for 2018-19 under priority sector for the district has been estimated at ₹1492 Cr, with a growth rate of 15 per cent over the previous year according to District Development Manager, NABARD, Rouf Zargar. He said that PLP has been prepared keeping in view the priorities of Govt of India, particularly towards agriculture sector with special focus to “more crop per drop”. He said the document takes into account various sectors such as Short Term Crop loans, micro irrigation, farm mechanization, plantation and horticulture, animal husbandry, storage, solar energy, food and agro-processing and other activities under Priority Sector. He added that the document was drafted in consultation with officials at the Block/District level departments and banks.
Giving the details, he said that the potential for crop loans has been assessed at Rs 565 crore and Term loans in Agriculture and allied sectors at 262 crore. While and amount of 50 Crore was identified under Agriculture Infrastructure and Ancillary Activities. While loans under Social Infrastructure such as schools, bathrooms, hospitals would be also be considered under priority sector. In line with the push being accorded by the Centre to the MSME sector, Rs. 500 crore had been envisaged for the MSME sector. The banks could lend more to Stand Up India and the non-farm sector under the MUDRA scheme, he added.
DC emphasized upon the Banks to increase the lending in Agriculture and also the Allied activities to generate employment in the district. He highlighted the need for area and activity specific schemes for integrating income generating activities under group mode such as SHGS, JLGs and beneficiaries under NRLM. He advised the banks to utilize the plan document while setting up their targets under credit plans. He lauded the NABARD for bringing out the document in time and said that the PLP document would serve as a reference guide to banks and government agencies.
The PLP prepared by NABARD serves as basis for the preparation of annual District Credit Plan for 2018-19 by the Lead Bank in the district. DDM NABARD, Rouf Zargar, added that the PLP was prepared based on the policies of the Central and State Government, thrust areas identified for the development.
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