NABARD Pegs Puducherry PLP At Rs 12,674.61 Crore For 2026-27

Puducherry, Mar 2 (KNN) The National Bank for Agriculture and Rural Development (NABARD) has projected a Potential Linked Credit Plan (PLP) outlay of Rs 12,674.61 crore for the Union Territory of Puducherry for 2026-27.

The PLP outlines the potential available for bank finance in the coming financial year and serves as the basis for banks to prepare their annual credit plans for branches in the Union Territory.

Agriculture Receives Largest Share

Under the sector-wise projections, agriculture accounts for the largest share of Rs 7,728.21 crore, constituting 61 percent of the total outlay. This includes Rs 7,513.02 crore under farm credit, Rs 50.68 crore for agriculture infrastructure and Rs 164.51 crore for ancillary activities.

The MSME sector has been assigned a projected credit potential of Rs 3,101.81 crore, while other priority sectors account for Rs 1,844.60 crore. The estimates are based on an assessment of sectoral potential, infrastructure availability and prevailing economic patterns across the four regions of the Union Territory.

Emphasis on Investment Credit and Productivity

PWD Minister K. Lakshminarayanan released the PLP at the State Level Bankers Committee (SLBC) meeting. He urged banks to increase the share of investment credit in agriculture, highlighting opportunities in farm mechanisation, animal husbandry, dairy development, fisheries and tourism. He stated that sustained capital formation in agriculture is essential for improving productivity and resilience.

H. Manoj, Chief General Manager, NABARD, said the PLP aligns with national priorities and policy initiatives aimed at strengthening agriculture, MSMEs, rural livelihoods and credit outreach. 

He emphasised the importance of precision agriculture, digital credit mechanisms and climate-resilient practices, as well as the growing role of Farmer Producer Organisations, Joint Liability Groups and Self-Help Groups in expanding rural credit access.

Call for Coordinated Action

T.M. Mini, Executive Director, Indian Bank, called for coordinated efforts among stakeholders to realise the projected credit potential. She stressed the need to improve credit absorption capacity, particularly in agriculture, MSMEs and rural infrastructure, and encouraged banks to adopt technology-driven delivery models.

Officials said the enhanced credit potential reflects a continued focus on agricultural development, MSME expansion, women’s empowerment and inclusive rural growth in Puducherry. 

Banks have been advised to utilise the projections to meet priority sector lending targets and support the Union Territory’s broader economic development goals

(KNN Bureau)