Itanagar: The National Bank for Agriculture & Rural Development (NABARD) has announced a Potential Linked Credit Plan (PLP) worth Rs 1042 lakh for the Kra-Daadi district in Arunachal Pradesh.

Deputy Commissioner Sunny K Singh launched the plan during a meeting with bankers and line departments in Palin. The District Development Manager (DDM) of NABARD, along with officials from the Reserve Bank of India, State Bank of India, and APRB were present.

The PLP outlines a credit potential of Rs 5.9 crore for the agricultural sector and Rs 1.5 crore for Micro, Small, and Medium Enterprises (MSMEs). Additionally, credit potential for education, housing, social infrastructure, renewable energy, and informal credit delivery systems totals Rs 2.9 crore.

NABARD DDM Mewang K Lowang highlighted the PLP's objectives, focusing on modernizing agriculture, reducing rural poverty, strengthening rural infrastructure, promoting agri-business, scaling up microfinance interventions, and fostering sustainable livelihoods in the rural non-farm sector.

The PLP aims to guide stakeholders, including banks, district administration, and implementing departments, to realize the district's growth potential. These projections will inform the preparation of the District Credit Plan (DCP) by banks annually.

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