Increase Lending in Agriculture, Allied Activities: DC Islamabad tells Banks

KL NEWS NETWORK

SRINAGAR

NABARDNABARD has envisaged a potential of Rs 990.54 Crore in Islamabad district for the year 2016-17 to be disbursed by various Banks and Financial Institutions in the district.

This was revealed at a district level consultative committee meeting held at Dak Bungalow Islamabad chaired by the DC Muneer-ul-Islam and attended by MLA Kokernag Ab Rahim Rather and MLA Pahalgam Altaf Ahmad Kaloo.

On the occasion, the Potential-linked Credit Plan (PLP) prepared by NABARD was unveiled by Deputy Commissioner, a statement issued by the NABARD said Wednesday afternoon.

“The PLP would form the basis for the preparation of annual District Credit plan for 2016-17 by the Lead Bank in the district. DDM NABARD, Rouf Zargar, added that the PLP was prepared based on the policies of the Central and State Government, thrust areas identified for the development,” the statement said.

Giving details, DDM NABARD said that NABARD has estimated a total credit potential of Rs 990.54 Crore for the year 2016-17 under priority sector, with a growth rate of 21 per cent over projection for the year 2015-16.

He said that PLP has been prepared keeping in view the revised guidelines from Government of India and RBI. He said the PLP document takes into account various sectors such as Short Term Crop loans, Term loans under various agri-allied activities, solar energy, food/agro-processing and other activities under Priority Sector.

He added that the document was drafted in consultation with Block/District level officials and banks.

DC emphasized upon the Banks to increase the lending in Agriculture and also the Allied activities to generate employment in the district.

He advised the department and banks to utilize the plan document while setting up their targets under credit plans.

The DC appreciated NABARD for bringing out the potential document of the district for its adoption in the coming year 2016-17 and said that the PLP document would serve as a reference guide to banks and government departments.

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