The Potential Linked Credit Plan (PLP) for Mysuru district for 2019-20 has envisaged the scope for investment in various sectors at ₹14,444.37 crore.
Prepared by the National Bank for Agriculture and Rural Development (NABARD), the exploitable credit potential under the priority sector is reckoned to be ₹5.576 crore more than the Annual Credit Plan (ACP) for 2018-19.
The ACP for 2019-20 for Mysuru district, will be prepared based on the PLP document released by Pratap Simha, MP, here recently.
The authorities said the PLP is prepared to map the existing potential for development through bank credit.
While the potential for credit flow for the farm sector has been pegged at ₹6,539 crore, agricultural infrastructure is reckoned to have the potential to absorb ₹664.46 crore. The potential for MSME sector has been pegged at ₹1,498.27 crore while the housing sector has a potential to absorb ₹2,253.35 crore and potential for education pegged at ₹555.39 crore.
At a meeting to review the performance of banks for the quarter ending December 31, 2018, Mr. Simha said banks should provide service to areas which are not covered. NABARD representatives highlighted area-based development schemes under implementation in the district.
On the digitisation of Self Help Groups, under the e-shakti project, it was pointed out that till date date accounts of 19,835 SHGs in the district had been digitised.
