New Delhi, Dec 29 (KNN) Almost Rs 2213.19 crore, Potential Linked Credit Plan (PLP) for Aravalli district of Gujarat for 2019-20 has been finalized by the National Bank for Agriculture and Rural Development (NABARD). MSME and exports are the priority sectors for the bank credit in the district.

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.

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.

The credit potential for Aravalli that is estimated at Rs. 2213.19 crore includes Rs 140.93 crore for MSME.

Aravalli district has 21 banks and network of 135 branches.

The PLP reflects potential for extending the bank credit in the district for various other sector activities like crop loan, agriculture term loans, housing, education, renewable energy, and self- help group among others.

Fixed amount of PLP includes Rs1905.20 crore for agriculture and Rs 1,244 crore for other priority sectors that include social infrastructure, education, housing and renewable energy.