What changed
Previously, pre-PLP meetings were scheduled for August/September. Now, these meetings must be convened in June every year, as PLPs are finalized by August.
What it means for you
Banks and LDMs need to advance their planning cycle by two months. This ensures district credit plans are discussed earlier, giving more time for alignment with NABARD's finalized PLPs before the financial year.
What you must do
- Instruct LDMs to schedule pre-PLP meetings in June annually.
- Update internal calendars and coordination timelines with government agencies.
- Communicate the change to all scheduled commercial banks and RRBs in your lead district.
Who it affects
Lead Banks, Lead District Managers, Scheduled Commercial Banks, Regional Rural Banks, NABARD
Why was the pre-PLP meeting moved to June?
NABARD requested the change because PLPs are now finalized by August each year, so an earlier meeting in June allows better preparation.
Does this circular apply to all banks?
Yes, it applies to all scheduled commercial banks including Regional Rural Banks, as advised by RBI.