CHANGLANG/PALIN, 15 Dec: Changlang DC Devansh Yadav launched the Potential Linked Credit Plan (PLP) 2022-23 for Changlang district prepared by NABARD during a district consultative committee meeting on Wednesday.
‘The total credit potential under the priority sector has been estimated at Rs. 2537.59 lakh for the financial year 2022-23, of which agriculture sector accounts for Rs 2146.39 lakh,’ said NABARD DDM Kamal Roy.
Expressing concern over low credit-deposit in the district, the DC advised the agriculture and horticulture departments to mobilize the proposals under Atma Nirbhar Krishi Yojana and Atma Nirbhar Bagwani Yojana which was rolled out by state government and apply for subsidy on time.
Lead Bank Chief Manager Tankeswar Doley informed the DC that the credit-deposit ratio in the district is 23.26% for the quarter ended September 2021.
On being informed by the NABARD DDM that a special drive was launched from 1 June, 2020 by the central government to provide KCC to farmers with special focus on PM-Kisan beneficiaries, animal husbandry farmers and fishermen, the DC advised the veterinary and fisheries departments to mobilize proposals under this scheme.
Stating that the scouting of proposals under Deen Dayal Swavalamban Yojona is satisfactory for Changlang district, the DC requested LDM to coordinate with SBI regional office for sanctioning of proposals on time.
The DC also advised NERCORMP/CCRMS to get the A graded SHGs, to be credit linked with the banks. He asked BMs to achieve the targets as per Annual Credit Plan 2021-22. The DC expressed concern over shortage of manpower in the bank branches in the district.
The meeting was convened by SBI’s Lead Bank.
At Palin, the PLP prepared by NABARD for Kra Daadi the district was launched by DC Higio Tala. The overall estimated credit potential made for Kra-Daadi is Rs 957.04 lakh for the financial year 2022-23. Of this, agricultural sector accounts for Rs 536.68 lakh and Micro, Small and Medium Enterprises Rs. 143.36 lakh. Credit potential for education, housing, social infrastructure, renewable energy and informal credit delivery system involving bank credit has been estimated at Rs. 277.00 lakh.
NABARD DDM Mewang K. Lowang briefed about the whole process and objective of preparation of the PLP document by NABARD for the district keeping in view the policies and priorities of the central and the state government and the RBI towards modernizing agriculture, reducing rural poverty through promotion of agri-business, strengthening rural infrastructure, up-scaling micro-finance interventions and creating a sustainable livelihood in the rural non-farm sector.
The PLP is a comprehensive documentation of potentials in the district for rural economic activities, both in physical and financial terms. It is also an assessment of the gaps in infrastructure support, which need to be filled in to fully exploit the realizable potentials.
The objectives of PLPs are to enable the various organizations involved in the process of rural development in directing their efforts in a planned manner, in accordance with the potentials available for exploitation.
