Potential linked credit plan 2020-21 for District Ludhiana launched

Ludhiana, November 27, 2019: The Potential Linked Credit Plan the year 2020-21 was launched by Assistant Commissioner (IAS Under Training) Mr Viraj Shyamkaran Tidke, in the presence of Lead Bank Manager Mr Anil Kumar, NABARD DDM Mr Praveen Bhatia, Reserve Bank of India representative Mrs Kalpana CS, R-Seti Director Mr SK Gupta, besides several others, at Bachat Bhawan, here today.
The total credit potential under Priority Sector for 2020-21 has been estimated at Rs. 4878306.51 lakh for Ludhiana district, which is 0.16% more than last year. The PLP also reflects the block level projections for various activities.
Mr Viraj Shyamkaran Tidke informed that NABARD has adopted the theme for this year’s PLP as “Hi-tech agriculture”. He further informed that NABARD has been preparing Potential Linked Credit Plan (PLP) for each district since 1989-90 with the objective to assess exploitable potential through credit dispensation under various sectors. It is also an assessment of gaps in infrastructure support which need to be filled to fully exploit the realisable potentials. This is a systematic exercise carried out by adopting participative and consultative approach, involving all stakeholders in the agriculture and rural development in order to provide a meaningful link between the development planning and credit planning process.
Mr Praveen Bhatia informed that the PLP projections for 2020-21 have been prepared keeping in view the Priority Sector Guidelines and revision in unit costs of various investment activities, scale of finance, priorities of Govt. of India and State Govt., initiatives in the development plan of the district, trends in institutional credit flow at ground level and other relevant factors.