HT Correspondent
NAGAON, March 21: As per the guidelines enumerated in the Lead Bank Scheme, priority sector lending – targets and classification and guidelines for preparation of potential linked credit plans (PLPs), NABARD has been preparing the PLPs for all the districts across the country, on an annual basis, since 1989. Continuing the tradition, the PLP for Hojai in 2023-24 fiscal year was prepared by the DDM, Nagaon, Rajendar Perna.
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The PLP mapped the developmental potential (existing as well as new activities) available in the district. It highlighted the important functional areas and the support required to be provided (both by the financial institutions and the line departments) for development of these sectors in Hojai.
The PLP laid emphasis on augmentation of credit flow for capital formation in agriculture and to create more innovative and newer channels for smooth delivery of rural credit both in farming and non-farming sectors. The PLP also highlighted various adaptation and mitigation strategies for promoting climate resilient agriculture.
DDM, NABARD has prepared the PLP 2023-24 for Hojai in accordance with the priorities spelt out by centre and state govt, RBI and NABARD.
In a press note prepared by DDM, NABARD stated that the PLP was set after consultations with the LDM, the bankers and various line departments under the overall supervision of Hojai administration. The PLP 2023-24 has been classified into five broad sectors, viz. (i) agriculture, (ii) MSME, (iii) export credit, education & housing, (iv) social infrastructure including renewable energy, and (v) others (informal/micro credit).
The PLP projection for 2023-24 is estimated at Rs. 377.58 crore, comprising of Rs. 261.67 crores for agriculture sector when Rs. 75.84 crores for MSME sector and Rs. 40.07 crores for other priority sectors.
The PLP 2023-24 for Hojai was launched at the hands of Lachit Kr. Das, ADC In-charge of SDO(Hojai) in presence of ADC Gakul Ch. Brahma, RBI representative Gautam Kr. Saha, LDM, Hojai Joydeep Das, representatives of various line departments and bankers from Hojai on Monday last here, the release added further.
