DC releases Potential Linked Credit Plan

Nawanshahr, December 11

Deputy Commissoner, Amit Kumar, today released the Potential Linked Credit Plan (PLP) worth Rs 4762.26 crore, prepared by NABARD.

V K Singh, District Development Manager, NABARD, said the total credit potential under the priority sector had been estimated at Rs 4762.26 crore for the financial year 2018-19.

“Based on the theme ‘Water Conservation-Per Drop More Crop’, with a view to addressing the water scarcity situations and ensuring more equitable use of water, the Government of India has already launched Pradhan Mantri Kirshi Sinchayee Yojana (PMKSY) envisaging the concept of ‘water for every farm’ and ‘per drop more crop’ to which NABARD is a key stakeholder,” he added.

“Considering the rising family expenses, especially on health and education, there is a need to improve the income of farmers substantially. The government will, therefore, reorient its interventions in the farm and non-farm sectors to double the income of the farmers by 2022,” he added.

The DC, earlier, reviewing the performance of bankers, during the meeting of District Level Consultative Committee, asked the bankers to focus more on advances to weaker sections under DRI loans, besides advancing loans under Mudra and Stand up Schemes. — TNS