NABARD’s potential-linked credit plan for Kanniyakumari released

The National Bank for Agriculture and Rural Development’s (NABARD) Potential-Linked Credit Plan (PLP) estimates a credit potential of ₹35,164.30 crore for Kanniyakumari district for the financial year 2026-27.

The plan was released by Kanniyakumari District Collector R. Alagumeena at the Collectorate in Nagercoil on Wednesday in the presence of Sharon Herbert, District Development Manager, NABARD, Natrajan, RBI Lead District Officer, S. Selvaraj, Lead District Manager, senior bank officials and officials of various government departments.

The plan focuses on agriculture sector, including agriculture infrastructure and Micro Small and Medium Enterprises (MSMEs). Of them, agriculture and agriculture infrastructure account for a major share of projected credit requirement of ₹31,127.19 crore. The MSME sector has an estimated credit potential of ₹3,688.82 crore, while other priority sectors collectively amount to ₹348.2 crore.

Speaking on the occasion, Ms. Herbert said NABARD had been preparing district-wise plans since 1989 as part of its commitment to agricultural and rural development.

“The PLP assesses the district’s potential for priority sector lending by examining available resources, economic activities, credit trends, infrastructure gaps and market opportunities. The document forms the basis for the Annual Credit Plan (ACP) of the district, guiding banks in setting and achieving credit targets,” she added.