Deputy Commissioner Kapurthala, Mohammad Tayyab, IAS has launched Potential Linked Credit Plan (PLP) 2019-20 prepared by the National Bank for Agriculture and Rural Development (NABARD) for Kapurthala district in the District Consultative Committee Meeting held here on 24 December 2018. 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.6924.34 crore for the financial year 2019-20 with a growth of 10% over the previous projections made by the Apex Bank. The projections made in the document will form the basis for next years’ Annual Credit Plan prepared by the 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 63%, 22% and 15% 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 Shri A.S. Bhullar, ADC(Development), Shri Varinder Dhawan, Deputy Circle Head, PNB, Shri Sarvendra Singh, Lead District Manager, Shri Rajeev Narang, LDO RBI, other dignitaries & bankers were present.
PLP projections for Financial Year 2019-20
Total Credit potential under Priority Sector: Rs.6924.34 crore
Projections under Agriculture Sector : Rs.4354.27 crore
MSME : Rs.1507.44 crore
Other Priority Sector: Rs.1062.63 crore