NABARD Launches PLP 2024-25 for Namsai District, Unveiled by Deputy Commissioner
Staff Reporter:
Namsai, 6th March 24: The National Bank for Agriculture and Rural Development (NABARD) has introduced the Potential Linked Credit Plan (PLP) 2024-25 for Namsai District. The unveiling took place during the District Consultative Committee (DCC) meeting at the DC Conference Hall, presided over by Deputy Commissioner C.R Khampa.
The DCC meeting, convened by SBI’s Lead District Manager, Siva Das, Chief Manager, saw participation from officials representing RBI, NABARD, various line departments, ArSRLM, and Bank Managers from different banks operating in Namsai.
Kamal Roy, DDM NABARD, highlighted that the total credit potential under the priority sector for the fiscal year 2024-25 amounts to Rs 4950.77 lakh, with the agricultural sector accounting for Rs 2836.29 lakh. The PLPs prepared annually by NABARD serve as crucial guiding documents for optimal credit utilization and development. They also shed light on critical infrastructure gaps and necessary linkage support from various government departments within the district.
During the meeting, LDM provided insights into the current status of various parameters including CD ratio, ANKY, AMBY, KCC loans, digitalization, Priority Sector Lending, and progress under flagship schemes of the Central & State Governments, emphasizing the importance of SHG credit linkage.
Deputy Commissioner C.R Khampa reviewed the progress under Priority Sector Lending (PSL) and CDR branch-wise, urging Bank Managers to prioritize pending proposals under State Government schemes such as 'AtmaNirbhar Krishi Yojna (ANKY)' and 'AtmaNirbhar Bagwani Yojna (ANBY)', which are aimed at benefitting farmers and SHGs across the district. He recommended that all banks adhere strictly to the established procedures for Non-Performing Asset (NPA) recovery, and he offered complete support from the District Administration. Additionally, he advised private sector banks to concentrate on advancing and initiating financing within the priority sector lending framework.
Raju Manpang, Lead Development Officer (LDO), RBI, stressed the timely submission of Lead Bank Returns (LRB) and emphasized the need for 100% digitization through debit cards or UPI in Namsai.
Dr. Keshab Sarmah, DPO, Namsai, reiterated the importance of achieving targets under State Government-sponsored schemes and extended a vote of thanks to all participants.
The meeting concluded with a commitment from all stakeholders to work together towards the effective implementation of PLP 2024-25, ensuring inclusive growth and development in Namsai District.