POTENTIAL LINKED CREDIT PLAN 2019-20 LAUNCHED

Ludhiana, October 29, 2018: The Potential Linked Credit Plan 2019-20 was launched by Dr Shena Aggarwal, Additional Deputy Commissioner (Development), Ludhiana in the presence of Mr B.B Sharma, AGM, RBI, Mr Amolak Singh, Zonal Manager, Punjab & Sind Bank, Mr Anil Kumar, LDM, and other senior officials of District administration in 122nd DLRC Meeting conducted by Lead Bank Bachat Bhawan, here. Mr Parveen Bhatia, District Development Manager (DDM), NABARD , Ludhiana informed that NABARD has been playing a pivotal role in rural credit planning for more than two and a half decade by way of preparing Potential Linked Credit Plan (PLP) for each district. The PLP prepared by the District Development Manager of NABARD provides a comprehensive assessment of bank credit potential in the district along with infrastructure and other support services considered necessary to realise the same in various sectors. This is a systematic exercise carried out by adopting participative and consultative approach, involving all stake-holders in the agriculture and rural development so as to provide a meaningful link between the development planning and credit planning process. PLP projections for 2019-20 have been prepared keeping in view Priority Sector Guidelines of Reserve Bank of India (RBI), unit cost of various investment activities, scale of finance, priorities of Govt. of India / State Govt., initiatives in the development plan of the district and other relevant factors. The PLP will serve as the basis for preparation of branch credit cumulating into Block Credit Plan at block level and District credit plan at district level. An attempt has been made in the document to identify the interventions and probable credit disbursements to enhance farmer’s income so as to achieve the national goal of doubling of farmer’s income by 2022. The total credit potential under Priority Sector for 2019-20 has been estimated at Rs. 4870512.36 lakh for Ludhiana district. The PLP also reflects the block level projections for various activities. Dr Shena Aggarwal, Additional Deputy Commissioner (D), Ludhiana while speaking of launch of Potential Linked Credit Plan 2019-20 stressed that that with the concerted efforts of all the concerned agencies, the exploitable potential of district as shown in this document would be realised in full.