Potential Linked Credit Plan for LDV launched

ROING, Mar 27: The Potential Linked Credit Plan (PLP) and Area Development Scheme (for dairy & poultry) for Lower Dibang Valley district was launched here by Deputy Commissioner Mitali Namchoom recently.
The PLP for 2018-19 is on the theme ‘Water conservation: Per drop more crop’ and ‘doubling of farmers’ income by 2022′, with the added objective of sustaining the contribution of agriculture and allied activities to the economy of the state, with specific focus on income security of farmers.
For Lower Dibang Valley, the potential for institutional credit to priority sector for 2018-19 has been estimated to the tune of Rs 2342.54 lakh, while the potential for credit flow to the agriculture sector, including crop loan, has been estimated to the tune of Rs 2004.59 lakh.
Prepared by the National Bank for Agriculture & Rural Development (NABARD), the PLPs are made for each district of the country every year to facilitate flow of institutional credit to priority sector activities, such as crop loan and term loan for agriculture and allied activities.
The NABARD carries out a detailed annual exercise for mapping the credit potential that is expected to stimulate balance growth of all the sectors of the economy of a particular district. The PLP projections serve as a basis for banks in preparing the Annual Credit Plan.