KULGAM: The Deputy Commissioner (DC) Kulgam, Athar Amir Khan Tuesday chaired a district level consultative committee which was attended by, Joint Director Planning, AGM NABARD, AGM RBI, LDM, district officers from various departments and banks in the district. The meeting detailed that NABARD has envisaged a potential of Rs.1660 crore in Kulgam district for the year 2025-26 which can be tapped by banks, financial institutions and development departments in the district.
During the meeting, DC launched the Potential-linked Credit Plan (PLP) prepared by NABARD for the ensuing year. The PLP forms the basis for the preparation of the annual District Credit plan for the upcoming year. The PLP is being prepared based on the policies of the central and state government and reflects the national priorities of the Government of India to scale up lending to various sectors of the economy, DDM NABARD, Rouf Zargar said.
It was given out that NABARD has envisaged a total credit potential of Rs.1660.03 crore for the district for the year 2025-26 under priority sectors. Among the highlights of the sector-wise credit plan, the total potential for agriculture, including agriculture infrastructure and allied activities, is estimated at Rs.1048.25 crore, Rs.436.48 crore for MSME, Rs.1.20 crore for export credit, Rs.14.02 crore for education, Rs.43 crore for housing, and Rs.5.71 crore for renewable energy and Rs.16.41 Cr for Social infrastructure development in the district.
The informal credit delivery system for support to SHGs/JLGs etc. has been estimated at Rs.27.16 crore. He informed that for the financial year 2025-26 NABARD has taken up the PLP exercise for the district after elaborate consultation with various stakeholders concerned with Agriculture MSME sector and Rural Development. Keeping in view the resources and infrastructure available in respective districts, an estimate of the credit potential for the FY 2025-26 has been made for various activities under priority sectors.
The PLP provides a detailed scientific assessment of credit potential for various sectors in the district. It highlights the sector specific infrastructure gaps and critical interventions to be made by State Governments and Financial Institutions for harnessing potential available under priority sector.
This year NABARD has leveraged technology for preparing a digital PLP for efficient credit projections. This new generation document has standardized structure coverage and data indices. It has almost done away with manual interventions which is the founding block of a data driven environment. NABARDs PLP serves a catalyst for empowering Rural India and serve the needs of all stakeholders in the rural ecosystem
The DC complimented NABARD for assessing the potential in the district and emphasized upon the banks to focus on priority sectors of NABARD with special focus on Agriculture and allied sectors to generate employment in the district. He urged the departments and banks to utilize the NABARDâs PLP document as a reference guide while setting up their targets for the next financial year.
