By Amrit Pal Singh
SBS Nagar, February 16:
In an effort to bolster the agro-economy of the region, Deputy Commissioner of SBS Nagar, Gulpreet Singh Aulakh, has called upon banks and financial institutions to extend maximum credit support to the agriculture sector. The appeal was made during the launch of NABARD’s Potential Linked Credit Plan (PLP) for the financial year 2026–27.
The PLP, developed annually by NABARD, evaluates the district’s credit potential while aligning with national priorities and government policies. It provides a comprehensive framework for structured credit planning, assessing infrastructure, institutional linkages, and sectoral potential across primary, secondary, and tertiary sectors.
Addressing bankers and stakeholders at the event, the Deputy Commissioner emphasised the importance of coordinated action among banks, government departments, and development agencies to ensure timely and adequate credit flow. "Enhanced institutional finance is essential for improving farm productivity, promoting diversification, and creating rural employment," he stated.
The Deputy Commissioner also highlighted the need for prioritising agriculture, allied sectors, MSMEs, and other critical areas to achieve balanced economic growth in the district. He urged financial institutions to utilise the PLP as a guiding tool to strengthen credit delivery mechanisms and foster sustainable development.
The meeting was attended by key officials including DDM NABARD SBS Nagar, District Manager Nawanshahr CCB, Lead District Manager, representatives from various banks, Assistant Registrar SBS Nagar, and farmer representatives.
The launch of PLP 2026–27 represents a significant step towards promoting inclusive growth and ensuring that credit reaches priority sectors effectively. By focusing on agriculture and rural development, the initiative aims to strengthen the economic backbone of SBS Nagar and contribute to the state’s overall progress.