Roing, Mar 5: The National Bank for Agriculture and Rural Development (NABARD) on Wednesday launched the potential linked credit plan (PLP) 2025-26 for Lower Dibang Valley district at Roing.
Lower Dibang Valley deputy commissioner Soumya Saurabh launched the PLP in presence of government officers, bank officials and panchayat leaders.
NABARD AGM district development Nitya Mili informed that NABARD prepares PLPs for each district of the country every with a view to facilitate flow of institutional credit to priority sector activities including crop loan and term-loan for agriculture and allied activities.
He said during the annual exercise, NABARD carries out a detailed exercise for mapping the credit potential that is expected to stimulate balanced growth of all the sectors of the economy of a district.
The PLP projections serve as a basis for banks in preparing annual credit plan, Mili said.
He said the potential for institutional credit to priority sector for the year 2025-26 has been estimated to the tune of Rs 4361.18 lakh for Lower Dibang Valley district.
The potential for credit flow to agriculture sector including crop loan has been estimated to the tune of Rs 2431.26 lakh for the district, he said.
The AGM said that the credit potential under MSME has been estimated at Rs 1706.00 lakh.
