Anantnag (NVI): The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 2,525 for Anantnag district of Jammu and Kashmir in the 2020-21 fiscal.
The figure was released at a district level consultative committee meeting held under the chairmanship of District Development Commissioner, Bashir Ahmad Dar, Kashmir Administrative Services (KAS).
District officers from various departments, RBI, NABARD and banks were also present in the meeting.
On the occasion, the DC unveiled the booklet on NABARD’s Potential-linked Credit Plan (PLP) for the ensuing year.
NABARD has estimated a total credit potential of Rs 2,525 Crore for the year 2020-21 under priority sector to be
disbursed by the Banks and Financial Institutions in the district, DDM NABARD, Rouf Zargar said while giving details about the potential plan.
The PLP would form the basis for the preparation of annual District Credit plan for 2020-21 based on the policies of the Central and State Government in the district, Zargar said.
He also informed that the PLP document takes into account in various sectors such as Short Term Crop loans, Term loans under various Agri-Allied activities upto the tune of 261 Crore, MSME upto the tune of 670 Crore, renewable energy upto the tune of 4.24 Crore, food/agro-processing for 24 Crore and other activities such as education, housing and social infrastructure under Priority Sector. The document were drafted in consultation with various developmental departments and banks, he added.
The DC emphasized upon the Banks to increase the lending in Agriculture, horticulture and also the Allied activities to generate employment in the district.
He also emphasized on providing working capital to dairy, sheep and fisheries sector under KCC and advised the banks to utilize the NABARDs PLP document while setting up their targets under credit plans and utilize the booklet as a reference guide to plan their annual targets.
