DDC Budgam launches Annual Rs 860.23 Cr NABARD’s Potential Linked Credit Plan for district

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Budgam, District Development Commissioner (DDC), Budgam Dr Syed Sehrish Asgar today launched Potential Linked Credit Plan of Rs 860.23 crore for the financial year 2019-20 for district Budgam by National Bank for Agriculture and Rural Development (NABARD) at her office chamber.Among other, District Development Manager NABARD Budgam, Junaid Ahmad Hakeem, Lead District Manager, Aijaz Ahmad, Cluster Head J&K Bank, CAO Budgam, Shabir Ahmad Allaqband, Chief Animal Husbandry Officer Budgam were also present on the occasion.

The DDC while speaking on the occasion said that in order to support agriculture sector in the district an amount of Rs. 45591.86 lakh has been earmarked for the Credit Potential for Agriculture, Agriculture Infrastructure and Ancillary Activities for the year 2019-20 out of the annual plan of Rs 860.23 crore. She said that for the Micro, Small and Medium Enterprises an amount of Rs. 30138.76 lakh has been earmarked under the priority sector, while as Rs 360 lakh, Rs. 1875 lakh and Rs 6637.50 lakh have been earmarked under Credit Potential for Export Credit, Education and Housing respectively. Rs. 697.50 lakh and Rs 723 lakh will be provided under credit Potential for Social Infrastructure involving bank credit and Renewable Energy respectively.The DDC on the occasion was briefed that during year 2017-18, an amount of Rs 41358.75 lakh, Rs 24872.57 lakh and Rs 8017.28 lakh was disbursed under agriculture, NFS/SSI and OPS, sectors respectively.

On the occasion, the DDC directed to identify the beneficiaries as per the guidelines of the schemes and asked banks to cooperate with the intending and aspiring entrepreneurs to register positive progress of rural areas under the NABARD schemes.Emphasizing on the sustainable development of rural areas, the DDC reviewed the progress under various schemes, including Dairy, Vegetable cultivation and other allied departmental schemes for the farmers.

The DDM NABARD appraised the participants about the pilot schemes currently being implemented in few blocks of the district with the aim of doubling farmers income by year 2020.

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