NABARD’s PLP 2023-24 for Tirap launched

KHONSA, Jan 30: The National Bank for Agriculture and Rural Development (NABARD) has launched the Potential Linked Credit Plan (PLP) 2023-24 for Tirap district on Monday. It was unveiled by Deputy Commissioner Hento Karga during the DCC/DLRC and DLMC combined meetings here in presence of all the HoDs, administrative officers, DDM NABARD, LDM SBI, LBO Reserve Bank of India, bank managers and ArSRLM representatives.

The total credit potential under the priority sector has been estimated at Rs 1624.64 lakh for the financial year 2023-24 of which the agriculture sector accounts for Rs 1392.54 lakh, NABARD District Development Manager (DDM) Kamal Roy informed.

He said the importance of PLP lies in the fact that it lays a roadmap for bankers in the district to extend credit support to the priority sectors of the economy. The PLP thus forms the foundation for the “bottom-up” planning approach as it is the main reference document for the preparation of the Annual Credit of the district, which is further aggregated to the State Credit Plan. It is imperative that this process is adopted in spirit and in action in order to meet the aspirations of the people of the state and lay the strong foundations for public-private partnership in development.

While reviewing the various flagship schemes, DC Hento Karga emphasized the bank’s focus on agriculture and also the allied activities to generate employment in the district. He complimented NABARD for drawing up the potential plan and urged the departments and banks to utilize the NABARD’s PLP document as a reference guide while setting up their targets for the next financial year.

Expressing concern over the low CD ratio in the district, the DC advised the Agriculture & allied departments to mobilize the proposals under Atma Nirbhar Krishi Yojana and Atma Nirbhar Bagwani Yojana and apply for subsidy on time. He also advised HoDs to cover their staff under various flagship schemes viz. PMJJBY, PMSBY, APY, etc.

Earlier, the Lead District Manager Babul Borgohain shared the status of CD ratio, Ground Level Credit flow, Priority Sector Lending (PSL) advances and progress of other flagship programmes of the Central and State Governments.

Later, the officials of RBI, NABARD and SBI conducted financial literacy programme for the students of Govt Hr Sec School, Khonsa wherein various messages were given to students such as “needs versus wants; introduction to banking; basics of investment, insurance & pension; education loan; financial sector regulators, etc”.