Plan panel approves Rs 28,000 cr outlay for MP for FY13
The state had proposed a Plan size of Rs 27,000 crore for the current fiscal
The Planning Commission today approved Rs 28,000 crore Plan outlay of Madhya Pradesh for 2012-13, which is 21.73% higher than the last fiscal.
The state outlay was finalised here by Planning Commission Deputy Chairman Montek Singh Ahluwalia and Chief Minister of Madhya Pradesh Shivraj Singh Chauhan, an official release said.
The state had proposed a Plan size of Rs 27,000 crore for the current fiscal.
Commenting on the performance of the state, Ahluwalia said, "The state has performed well and a satisfactory growth rate has been achieved but social sector needs more focus."
He said the state is yet to catch up with the national average in education and health sectors though gap has reduced during the 11th Plan (2007-12) period.
Even in the poverty eradication though achievement is better but more efforts are needed to match national efforts, he added.
During the meeting to discuss the state Plan, the Commission lauded the effort of the state in accelerating infrastructure development through public private partnership model.
The state was asked to come up with a comprehensive manufacturing competitiveness report so as to identify the select industries/sector, which has potential endowment in Madhya Pradesh in place of conventional approach of giving emphasis on various sector as a whole.
During the meeting, the Chief Minister said the state is fast moving out of Bemaaru status and has registered a growth rate of 10.2% against a target of 7.6% fixed for the 11th Plan.
He said the state would pursue an ambitious target of 12% growth during the 12th Plan (2012-17) and for this purpose a more inclusive growth without compromising on fiscal discipline would be pursued.
He assured the Commission that efforts would be made to reduce poverty to 25% from the present level of 36.7% and focus would be on empowering women through socio-economic development.
During the current fiscal the state's highest allocation would go to social services followed by transport, irrigation and energy sectors.
On industrialisation, Chauhan said investors are showing keen interest in investing in Madhya Pradesh and to facilitate investment the state was planning to create 77 new industrial areas at a cost of Rs 3,500 crore to incentivise investments.