The Potential linked Credit Plan (PlP) of Mayurbhanj district prepared by Nabard for the year 2017-18 was launched by District Collector Rajesh Prabhakar Patil on Tuesday in the 164th DCC and DlRC meeting here.
PD, DRDA Subham Saxena, besides the DDM(Nabard), various bank officials and district level officials of the line departments were present.
The total credit potential of Rs2,469 crore has been assessed for various priority sectors by Nabard in the tribal-dominated and agriculturally resourceful Mayurbhanj district for the year 2017-18.
Nabard DDM Prakash Chandra Dash made a detailed presentation on allocation for various sectors, background and process involved in preparing a comprehensive PlP, infrastructure and interventions required for credit planning for use by bankers and line departments.
He also indicated that the PlP was prepared considering national priorities, policies of the Government of India, RBI, Nabard and State Government, infrastructure and linkage support and physical potential available in various primary, secondary and tertiary sectors. The PlP of Mayurbhanj district is prepared with the theme of “Doubling of Farmer’s Income by 2022” and based on extensive consultations with the concerned line departments and developmental agencies.
As per the guidelines of RBI, the PlP prepared by Nabard has become the basis for preparation of ACP by banks in the district. The total credit potential of Rs2,469 crore estimated is 6.72 per cent more than the district credit plan for the current year.
The total farm credit comprising crop loan, term loan for agriculture and allied activities including agriculture infrastructure is projected to the tune of Rs1,703 crore (69 per cent of the plan). The credit plan has given a special focus for term loans under horticulture, farm mechanisation, dairy, fishery and goat rearing sectors, etc. with credit potential of Rs440.23 crore (18 per cent of the PlP). The potential for MSME is also estimated for Rs456.50 crore.
The DDM, Nabard informed that in order to give thrust to the allied activities by enhancing term loan through a banking plan, the PlP has identified Area Development Plans for Animal Husbandry schemes (dairy, poultry and goatery) in Koliana, Betnoti, Bahalda, Rairangpur, Kaptipada, Karanjia and Rasgobindapur blocks with total bank loan of Rs17.76 crore.
Unveiling the credit plan, the District Magistrate urged the bankers to release the potential mapped by Nabard and indicated that many initiatives are taken by the District Administration for development of agriculture and allied activities, for improving the economic status of tribal people and assured that necessary steps would be taken to provide required infrastructure.