Potential Linked Credit Plan (PLCP) – 2019-20 for Lower Subansiri District launched.
Ziro
Potential Linked Credit Plan (PLCP) for Lower Subansiri District was launched by Chukhu Takar, Deputy Commissioner on 23rd January 2019 in the presence of ADC, EAC & PD, DRDA Ziro.
The overall estimated credit potential projected for Lower Subansiri has been made at ₹3700.00 lakh for the year 2019-20. Of this agricultural sector accounts for Rs.2841.71 lakh; Micro, Small and Medium Enterprises (MSME): ₹631.00 lakh. Credit potential for Education, Housing, Renewable Energy and Social infrastructure involving bank credit is estimated at ₹126.00 lakh, ₹72.22 lakh, ₹18.87 lakh and ₹10.20 lakh respectively.
Mewang Lowang, District Development Manager briefed about the whole process and objective of preparation of the PLP document, keeping in view the policies of Government of India, RBI and State Government by modernising agriculture, strengthening rural infrastructure, up scaling micro-finance intervention and creating sustainable livelihood in the rural non-farm sector vis-a-vis the physical potential available under various sectors in the district.
NABARD has taken up the initiative to prepare the Potential Linked Credit Plan of the district to support and facilitate a more realistic rural credit planning process, on the basis of the ground level realities that have taken place in the district.
This document indicates the bankable potentials for various activities to guide all the stakeholders viz., Banks, District Administration and Implementing Departments of the State Government to materialise the growth potential of the district. PLP projections serve as a basis for banks in preparing the Annual Credit Plan (ACP).
