NABARD launched Potential Linked Credit Plan for Rs.6295.43 crore for Kapurthala district

Annual Credit Plan for kapurthala district

Kapurthala, December 14, 2017: Deputy Commissioner Kapurthala, Shri Mohammad Tayyab, IAS has launched Potential Linked Credit Plan (PLP) 2018-19 for the district prepared by the National Bank for Agriculture and Rural Development (NABARD) on 13 December 2017 in District Consultative Committee Meeting. Shri Rakesh Verma, District Development Manager, NABARD, informed that the total credit potential under the priority sector for the district had been estimated at Rs.6295.43 crore for the financial year 2018-19 with a growth of 14% over the previous projections made by the Apex Bank.

The projections made in the documents will be the basis for next years’ Annual Credit Plan prepared by the Lead Bank for the banking sector in the district, he informed.

These projections were made keeping in view the Priority Sector guidelines, revision in unit costs of various investment activities, scale of finance, priorities of Govt. of India as well as State Govt., initiatives in the development plan of the district, trends in institutional credit flow at ground level and other relevant factors. He further informed that the credit potential was assessed in major sectors like Agriculture, MSME, and Other Priority Sector at 62%, 20% and 18% respectively of the total credit potential. On this occasion Shri AS Bhullar, ADC(Development), Shri Karamjit Singh, Lead District Manager, Shri VS Mandhal, LDO RBI, other dignitaries & bankers were present.

PLP projections for Financial Year 2018-19
 Total Credit potential under Priority Sector: Rs.6295.43 crore
 Projections under Agriculture Sector : Rs.3907.10 crore
 MSME : Rs.1250.75 crore
 Other Priority Sector: Rs.1137.58 crore

Thursday, December 14, 2017