NABARD’s potential linked credit plan (PLP) released for the district has projected a credit outlay of Rs.3,314 crore for 2016-17. This marks a 14 per cent increase from the last year’s (2015-16) projected outlay of Rs.2,899 crore.
The PLP of Rs. 3,314 crore envisages Rs.1,542 crores for crop loans(32 per cent increase); Rs. 852 crore for term loans (18 per cent increase); Rs. 73 crore for agriculture infrastructure (18 per cent increase), Rs.105 crore for ancillary industries(18 per cent increase); Rs.362 crore for small and medium enterprises sector (26 per cent increase). The PLP for the year envisages an increase by Rs.415 crores, to include new areas of credit as per RBI guidelines.
The new areas of credit outlay include export credit of Rs. 4 crore; education credit outlay of Rs.86 crore; housing loan of Rs.73 crore; renewable energy credit outlay of Rs.14 crore; and social infrastructure outlay of Rs.5 crore. The PLP was released by Collector K. Vivekanandan.
