Chandigarh: Punjab’s Annual Plan for the year 2008-09 has been finalised at Rs 6,224 crore, a 21.7 per cent increase over the last year.
Planning Commission Deputy Chairman Dr Montek Singh Ahluwalia and Punjab Chief Minister Parkash Singh Badal met in New Delhi today. The Plan outlay includes an additional Central assistance of Rs 200 crore earmarked for priority projects. Last year, the annual plan was for Rs 5,111 crore. Badal said this year’s annual plan has been proposed to step up the annual growth rate, which at present is a little over 6 per cent. The national growth rate is about 9 per cent.
Despite Punjab’s increased plan size, it will be nearly 50 per cent of Haryana’s plan, which is entirely a budget plan, whereas Punjab’s plan will include components of the Punjab State Electricity Board, Punjab Infrastructure Development Board and other projects which are not funded from the budget.
The CM said the plan will focus on power, agriculture, education, quality healthcare, drinking water, food and employment generation. The CM impressed upon the Government of India to come to the rescue of the farmers by granting a special package, including a one-time waiver of all agriculture loans, amounting to Rs 26,000 crore. As per the national survey, the state farmers have an average debt of Rs 41,000 each, which is the highest in the country.
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