Nabard finalizes Rs 2,213.19 crore PLP for Aravalli district

Palanpur/Ahmedabad: The National Bank for Agriculture and Rural Development (NABARD) has finalised Rs 2213.19 crore Potential Linked Credit Plan (PLP) for

Aravalli district

for 2019-20.

The credit plan was launched by Aravalli district collector M Nagrajan in the presence of NABARD district development manager Naval Kannor, lead district manager Haresh Patel and senior bankers from various banks on Friday.

The PLP reflects potential for extending the bank credit in the district for various priority sector activities like crop loan, agriculture term loans, MSME, housing, education,

renewable energy

, export and self help group among others.

The credit potential for Aravalli that is estimated at Rs. 2213.19 crore includes Rs1905.20 crore for agriculture, Rs 140.93 crore for MSME and Rs 1,244 crore for other priority sectors that include social

infrastructure

, education, housing and renewable energy. According to Nagrajan, district annual credit plan is prepared to give targets to the banks for extending credit to the various priority sectors during the year. Aravalli district has 21 banks and network of 135 branches.