NABARD launched Potential Linked Credit Plan of Rs.8500.96 crore for Kapurthala

Kapurthala, December 28 (Punjab Post Bureau) – Deputy Commissioner Kapurthala, Deepti Uppal has launched Potential Linked Credit Plan (PLP) for the financial year 2021-22 prepared by the National Bank for Agriculture and Rural Development (NABARD) for Kapurthala district. She informed that the PLP will meet the required credit for priority sector of the district.

                  Rakesh Verma District Development Manager, NABARD, informed that the total credit potential under the priority sector for the district has been estimated at Rs.8500.96 crore for the financial year 2021-22 with a growth of 20% over the previous projections made by the Apex Bank.  The projections made in the document will form the basis for next years’ District Credit Plan to be prepared by Lead Bank for the banking sector in the district, he informed.

                  He further informed that the credit potential was assessed in major sectors like Agriculture, MSME and Other Priority Sector at 56.13%, 30.36% and 13.51% respectively of the total credit potential. 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. 

            On this occasion S.P Angra,\ ADC (Development), AK Sharma Deputy Circle Head PNB, UK Jaiswal Lead District Manager,  other dignitaries and bankers were present.