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NABARD Launches Potential linked Credit Plan (PLP)Rs. 4363.85 crore for Faridkot

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5 Dariya News

Faridkot , 15 Dec 2018

The Potential -Linked Credit Plan prepared by National Bank for Agriculture and Rural Development (NABARD) has finalised Rs.4363.85 crore plan for the district here.Additional Deputy Commissioner(D), Smt Paramjit Kaur released the plan  for the year 2019-20  during a district level meeting at Ashok Chakkar hall in district administrative Complex. While releasing Potential -Linked Credit Plan Additional Deputy Commissioner(D), Smt Paramjit Kaur appealed Bankers and Govt. line department to work with coordination and enthusiasm to achieve above credit target prepared by NABARD for 2019-20. She assured to provide full cooperation from in making the credit plan a success. Shri Narendra Kumar, District Development Manager, NABARD, Said " the plan for 2019-20 has been prepared on the basis of the statistics and by adopting participative and consultative approach involving all stake holders in agriculture.

The targets for different priority sectors for 2019-20 are for Agriculture Rs. 3481.42 crore, for Micro and Small Enterprises Rs.633.00crore, Export Credit Rs. 13.12 crore,  Education Rs. 48.26 crore, Housing  Rs. 132.37, Renewable energy Rs. 11.83 crore Social Infrastructure (education institution, hospitals, sanitation etc) Rs.21.91 crore and other priority sectors Rs. 21.93 crore. The crop loan includes Rs. 1263.27 crore for term loan for agri -allied activities.The Potential -Linked Credit Plan projections for 2019-20 which is estimated at Rs.4363.85 crore is 5.36 % more than for 2019-20.During this occasion, Shri Manu Bhardwaj, RBI Official, Shri Narendra Kumar, DDM, NABARD, Shri Hitesh Arora, Lead District Manager Punjab & Sind Bank and DCOs from Various banks including officials from different govt. line department were present.


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