The Hindu : Andhra Pradesh News : Nabard presents PLP to district bankers’ panel

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Sunday, Dec 30, 2007
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Andhra Pradesh

Andhra Pradesh

Nabard presents PLP to district bankers’ panel

Correspondent

MAHABUBNAGAR: The National Bank for Agriculture and Rural Development (Nabard) has prepared and presented a potential linked credit plan (PLP) to the district Bankers Consultative Committee and district-level review committee for the year 2008-09 showing credit potential of Rs.1,556.50 crore, said Nabard AGM Suresh here on Saturday.

In a press release, he informed that envisaged credit potential increased by 16.68 per cent over the estimated projection for the year 2007-08.

The sector-wise loans potential arrived at minor irrigation stood at Rs.23.41 crore, land development Rs.12.03 crore, farm mechanisation Rs.58.94 crore, plantations and horticulture Rs.47.53 crore sericulture Rs.2.37 crore, forestry and waste land development Rs.7.25 crore, dairy Rs.13.09 crore, poultry Rs.14.78 crore, sheep/goat Rs.13.33 crore, fisheries Rs.2.15 crore, storage/godown/marketyard Rs.9.358 crore, renewable sources of energy Rs.0.43 crore, other agriculture Rs.3.73 crore.

Document launched

The total agriculture credit term and crop loans arrived at were Rs.1,103.55 crore. The PLP document for the year 2008-09 was launched by the Minister for Rural Development G. Chinna Reddy recently.

With a view to utilise the available potentials advantageously, the Reserve Bank of India has decided that potential linked credit plan (PLP) will be the base for preparation of annual credit plans.

A consultative approach is adopted for preparation of the document. The concept and methodology was explained to the banks and government officers, their opinions sought while finalising the potentials. During last four years the formal banking system has strived to double the credit flow to the agriculture sector. The role of credit planning has assumed greater significance at a juncture when the focus is on technological upgradation and commercialisation of agriculture for improving profitability by assuring a good livelihood to large section of population.

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