NABARD pegs credit potential for Cuddalore district at ₹27,434.05 crore

The Potential-Linked Credit Plan (PLCP) for 2026-27, prepared by the National Bank for Agriculture and Rural Development (NABARD), has assessed the credit potential for Cuddalore district at ₹27,434.05 crore.

The PLP was released by Cuddalore Collector Sibi Adhithya Senthil Kumar at a recent credit outreach programme. Lead District Manager, Indian Bank, Ashok Raja, Assistant General Manager, NABARD, S. Sasikumar, bankers, and government officials participated in the meeting.

The Potential-Linked Credit Plan forms the basis for finalisation of the Annual Credit Plan (ACP) of the district.

Releasing the document, the District Collector advised the banks to allocate more targets towards medium and long-term credit in agriculture, as there is good potential to promote farm mechanisation, micro irrigation systems, and the animal husbandry sector in the district.

“The PLP for the district, which evolved out of consultations with officials at the Block, District, and State-level departments in the government, banks, and NGOs, also reflected the national priorities of the Government of India to scale up lending to various sectors of the economy,” Mr. Kumar said.

The share in the PLP estimates for 2026-27 for agriculture sector stands at ₹22,281.92 crore. Keeping in view the recent policy initiatives of the Central government to provide a push to the MSME sector, an amount of ₹3,002.88 crore has been estimated for the district. The credit potential for other priority sector has been estimated at ₹2,149.25 crore. 

Banks will prepare their branch-level credit plans so as to finalise the Block Credit Plans and then District Credit Plan for the year 2026-27. The Collector requested the banks to utilise the plan document for achieving their targets.