PLP Full Form In English
PLP stands for Potential Linked Plan, which is a detailed plan prepared by the NABARD (National Bank for Agriculture and Rural Development) for each district in India. It aims to link the potential of different sectors like agriculture, irrigation, and rural industries with the availability of institutional credit. PLP serves as a guiding document for banks to plan and allocate credit in a way that supports rural development, enhances productivity, and promotes sustainable growth in the agricultural sector.
PLP Full Form In Hindi
PLP का मतलब संभावित संबद्ध योजना (Potential Linked Plan) होता है, जिसे नाबार्ड (NABARD) द्वारा प्रत्येक जिले के लिए तैयार किया जाता है। इसका उद्देश्य विभिन्न क्षेत्रों जैसे कृषि, सिंचाई और ग्रामीण उद्योगों की संभावनाओं को संस्थागत ऋण की उपलब्धता से जोड़ना होता है। यह योजना बैंकों को ग्रामीण विकास, उत्पादन में वृद्धि और कृषि क्षेत्र में सतत विकास के लिए ऋण वितरण की दिशा तय करने में मदद करती है।
Read More: MID Full Form In English And Hindi
Frequently Asked Questions
What is the full form of PLP?
The full form of PLP is Potential Linked Plan.
Who prepares the PLP in India?
The National Bank for Agriculture and Rural Development (NABARD) prepares the PLP for each district in India.
What is the main purpose of PLP?
The main purpose of PLP is to link the development potential of various sectors with the availability of institutional credit to promote rural growth.
How does PLP help banks?
PLP helps banks in planning and allocating credit efficiently in different sectors, especially in agriculture and allied activities.
When was the concept of PLP introduced?
The concept of PLP was introduced by NABARD to ensure proper credit planning and rural development at the district level.
Which sectors are covered under PLP?
PLP covers sectors such as agriculture, irrigation, rural industries, services, and infrastructure development.
Why is PLP important for rural development?
PLP is important because it guides financial institutions to invest in areas that have high growth potential, ensuring balanced and inclusive rural development.
Conclusion
In conclusion, the Potential Linked Plan (PLP) plays a vital role in promoting rural and agricultural development in India. Prepared by NABARD, it serves as a comprehensive guide for banks to plan and distribute credit effectively based on the district’s potential. By linking financial resources with developmental opportunities, PLP ensures sustainable growth, increased productivity, and balanced economic progress in rural areas.
