A plane symmetric Bianchi-I model is explored in f (R, T ) gravity, where R is the Ricci scalar and T is the trace of energy-momentum tensor. The solutions are obtained with the consideration of a specific Hubble parameter which yields a constant deceleration parameter. The various evolutionary phases are identified under the constraints obtained for physically viable cosmological scenarios. Although a single (primary) matter source is taken, due to the coupling between matter and f (R, T ) gravity, an additional matter source appears, which mimics a perfect fluid or exotic matter. The solutions are also extended to the case of a scalar field model. The kinematical behavior of the model remains independent of f (R, T ) gravity. The physical behavior of the effective matter also remains the same as in general relativity. It is found that f (R, T ) gravity can be a good alternative to the hypothetical candidates of dark energy to describe the present accelerating expansion of the universe.