Itanagar: The National Bank for Agriculture and Rural Development (NABARD) has launched the Potential Linked Credit Plan (PLP) 2023–24 for Tirap district in Arunachal Pradesh on Monday.
The Potential Linked Credit Plan is a comprehensive documentation of physical and financial potentials for rural economic activities.
PLPs represent an effort at making projections of credit requirements in different sectors in the district, taking into account the long-term potential, availability of infrastructure, marketing support, credit absorption capacity, and other strengths and weaknesses of the credit delivery system at the district level, a senior bank official said.
The PLP 2023–24 for Tirap was unveiled by the district’s Deputy Commissioner Hento Karga during the DCC/DLRC and DLMC combined meetings at Khonsa in the presence of all the HoDs, administrative officers, DDM NABARD, LDM SBI, LBO Reserve Bank of India, bank managers, and ArSRLM representatives.
The total credit potential under the priority sector has been estimated at Rs 1624.64 lakh for the financial year 2023–24, of which the agriculture sector accounts for Rs 1392.54 lakh, NABARD District Development Manager (DDM) Kamal Roy informed.
He said the importance of PLP lies in the fact that it lays a roadmap for bankers in the district to extend credit supporThe Potential Linked Credit Plan is a comprehensive documentation of physical and financial potentials for rural economic activities.t to the priority sectors of the economy.
The PLP thus forms the foundation for the “bottom-up” planning approach, as it is the main reference document for the preparation of the annual credit of the district, which is further aggregated to the state credit plan.
It is imperative that this process be adopted in spirit and in action in order to meet the aspirations of the people of the state and lay the strong foundations for a public-private partnership in development.
While reviewing the various flagship schemes, DC Hento Karga emphasised the bank’s focus on agriculture and other allied activities to generate employment in the district.
He complimented NABARD for drawing up the potential plan and urged the departments and banks to utilise NABARD’s PLP document as a reference guide while setting up their targets for the next financial year.
Expressing concern over the low CD ratio in the district, the DC advised the Agriculture and Allied Departments to mobilise the proposals under the Atma Nirbhar Krishi Yojana and Atma Nirbhar Bagwani Yojana and apply for subsidy on time.
He also advised HoDs to cover their staff under various flagship schemes, viz., PMJJBY, PMSBY, APY, etc.
