NABARD envisages total credit potential of Rs 1808 cr in Anantnag distt
SRINAGAR, Mar 26: NABARD has envisaged a potential of Rs 1808 crore in Anantnag district for the year 2019-20 to be disbursed by the Banks and Financial Institutions in the district.
This was revealed at a district level consultative committee meeting held at Dak Bungalow Anantnag under the chairmanship of District Development Commissioner Anantnag Khalid Jehangir while district officers from various departments, NABARD and banks were also present in the meeting.
On the occasion, the Deputy Commissioner also unveiled the NABARD’s Potential-linked Credit Plan (PLP) for the ensuing year. The PLP would form the basis for the preparation of annual District Credit plan for 2019-20 in the district, DDM NABARD Rouf Zargar said. The PLP was prepared based on the policies of the Central and State Government and thrust areas identified for the development, he stated.
Giving details, DDM NABARD said that NABARD has estimated a total credit potential of 1808 crore for the year 2019-20 under priority sector, with a growth rate of 21 per cent over projection for the year 2018-19. He said that PLP has been prepared keeping in view the revised guidelines from Government of India and RBI. He said the PLP document takes into account various sectors such as Short Term Crop loans, Term loans under various Agri-Allied activities, solar energy, food/agro-processing and other activities under Priority Sector. He added that the document was drafted in consultation with various developmental departments and banks.
The 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 NABARD’s PLP document while setting up their targets under credit plans. He said that the PLP document would serve as a reference guide to banks and Government agencies.