Tribune News Service
Kapurthala, December 26
Deputy Commissioner Kapurthala, Mohammad Tayyab, has launched “Potential-Linked Credit Plan (PLP) 2019-20” prepared by the National Bank for Agriculture and Rural Development (NABARD) for Kapurthala, in the District Consultative Committee meeting held here on December 24.
Rakesh Verma, District Development Manager, NABARD, said: “The total credit potential under the priority sector for the district has been estimated at Rs 6,924.34 crore for the financial year 2019-20 with a growth of 10 per cent over the previous projections made by the Apex Bank.”
“The projections made in the document will form the basis for next years’ annual credit plan prepared by the lead bank for the banking sector in the district,” he added.
Verma said: “The credit potential was assessed in major sectors like Agriculture, MSME, and other Priority Sector at 63 per cent, 22 per cent and 15 per cent respectively of the total credit potential.”
“The projections were made keeping in view the priority sector guidelines, revision in unit costs of various investment activities, scale of finance, priorities of the Government of India, as well as the state government initiatives in the development plan of the district, trends in institutional credit flow at ground level and other relevant factors,” he added.
AS Bhullar, ADC (Development); Varinder Dhawan, Deputy Circle Head, PNB; Sarvendra Singh, Lead District Manager; Rajeev Narang, LDO RBI; among others, were present.