Kulgam, Mar 03: District Development Commissioner (DDC) Kulgam, Shahzad Alam, along with AGM NABARD and other district-level officers on Tuesday unveiled the Potential Linked Credit Plan (PLP) document prepared by NABARD for the financial year 2026–27.
NABARD has envisaged a credit potential of ₹1800 crore for Kulgam district for the year 2026–27 to be achieved by banks, financial institutions and development departments operating in the district.
This was revealed during a District Level Consultative Committee meeting held under the chairmanship of the DDC.
The meeting was attended by the Joint Director Planning, AGM RBI, AGM NABARD, Lead District Manager (LDM), district officers from various departments and representatives of banks functioning in the district.
During the meeting, the Deputy Commissioner formally launched the Potential Linked Credit Plan (PLP) for the ensuing financial year. AGM NABARD, Rouf Zargar informed that the PLP would form the basis for preparation of the Annual District Credit Plan for the upcoming year. He stated that the PLP has been prepared in alignment with the policies of the Central and UT Governments and reflects the national priorities of the Government of India to scale up lending across various sectors of the economy.
Providing details, the AGM NABARD said that NABARD has projected a total credit potential of ₹1800.45 crore for the district for 2026–27 under priority sectors. Sector-wise projections include ₹1192.13 crore for agriculture and allied activities including agriculture infrastructure; ₹490.80 crore for MSME; ₹1.93 crore for export credit; ₹15.58 crore for education; ₹45 crore for housing; ₹7.35 crore for renewable energy, and ₹16.84 crore for social infrastructure development. The informal credit delivery system for support to SHGs/JLGs has been estimated at ₹27.81 crore.
He further informed that NABARD undertook the PLP exercise after extensive consultations with stakeholders from agriculture, MSME and rural development sectors.
Keeping in view the available resources and infrastructure in the district, a scientific assessment of credit potential under various priority sectors has been carried out. The PLP highlights sector-specific infrastructure gaps and identifies critical interventions required by the Government and financial institutions to fully harness the district’s potential.
This year, NABARD has leveraged technology to prepare a digital PLP for more efficient credit projections. The new-generation document features a standardized structure, comprehensive coverage and data indices, significantly reducing manual intervention and laying the foundation for a data-driven credit planning environment. NABARD’s PLP serves as a catalyst for empowering rural areas and supporting stakeholders across the rural ecosystem.
The DDC complimented NABARD for accurately assessing the district’s credit potential and emphasized that banks must focus on priority sectors, particularly agriculture and allied activities, to generate employment opportunities in the district. He urged departments and banks to use the PLP as a reference document while finalizing their targets for the forthcoming financial year.
