NABARD Projects Rs 3,973 Crore Credit Potential for Anantnag in 2026–27 | Kashmir Life

SRINAGAR: The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 3,973 crore for Anantnag district for the financial year 2026–27, aimed at boosting lending across priority sectors including agriculture, MSME and infrastructure.

The projection was unveiled during a District Level Consultative Committee meeting held at Dak Bungalow Khanabal under the chairmanship of District Development Commissioner (DDC) Bilal Mohiud Din Bhat.

During the meeting, the DDC launched the Potential Linked Credit Plan (PLP) and released the PLP document prepared by NABARD for the upcoming financial year. He appreciated NABARD for assessing the sector-wise potential in the district and urged banks to prioritise lending in agriculture and allied sectors to generate employment opportunities.

Assistant General Manager NABARD Rouf Zargar informed the meeting that the PLP would serve as the basis for preparing the Annual District Credit Plan for 2026–27 and aligns with policies of the Central and Union Territory governments aimed at scaling up credit flow to key sectors of the economy.

According to NABARD estimates, the district has a total credit potential of Rs 3,973.03 crore under priority sectors for the year 2026–27.

Sector-wise projections include Rs 1,787.87 crore for agriculture and allied activities including agricultural infrastructure, Rs 490.80 crore for micro, small and medium enterprises (MSME), Rs 17.26 crore for export credit, Rs 63.45 crore for education, Rs 105.72 crore for housing, Rs 19.24 crore for renewable energy, and Rs 159.54 crore for social infrastructure development.

Additionally, Rs 49.15 crore has been projected for informal credit delivery systems such as Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).

Zargar said the PLP exercise was carried out after extensive consultations with stakeholders from agriculture, MSME and rural development sectors, taking into account the available resources and infrastructure in the district.

He added that the PLP provides a scientific assessment of sector-wise credit potential and that NABARD has leveraged digital technology to prepare the document, ensuring standardised data coverage and improved credit projections.

The meeting was attended by Additional District Development Commissioner, General Manager DIC, Chief Planning Officer, Chief Agriculture Officer, Chief Horticulture Officer, Chief Animal Husbandry Officer, Deputy Director Fisheries, Assistant Director Employment, representatives from RBI and NABARD, Lead District Manager, district officers from various departments and officials from banks operating in the district.