TN achieves Rs 85,344 cr outlay in 11th Plan

The Tamil Nadu Planning Commission has achieved an outlay of Rs 85,344 crore during the 11th Five-Year Plan that ended on March 31, 2012, an increase of 113 per cent over the outlay for the 10th Plan.

The Plan incorporated the objective of achieving over 2007-2012, an average annual growth rate (AAGR) of nine per cent in the state’s economy. The expenditure exceeded the approved outlay during every year of the 11th Plan period, the commission said.

In 2007-08, while the approved outlay was Rs 14,000 crore (expenditure was Rs 14,224 crore), in 2008-09 Rs 16,000 crore (expenditure was Rs 16,275 crore), 2009-10 Rs 17,500 crore (expenditure was Rs 17,834 crore), in 2010-11 it was Rs 20,068 crore (expenditure was Rs 20,465 crore).

 

However, the growth in the critical sectors of power, industry and agriculture lagged and only higher growth in services enabled the economy to achieve an estimated AAGR of 8.3 per cent over the 2007-2012 period.

The annual Plan 2012-2013 is the first year of the 12th Five-Year Plan (2012-2017). The size of the annual Plan for 2012-2013 has been proposed at Rs 28,000 crore. The Plan’s schemes, components and size will be finalised during the discussion to be held between the chief minister and the deputy chairman, Union Planning Commission, in New Delhi.

The commission’s draft report proposes to hike the outlay to an ambitious target of Rs 2 lakh crore for Plan schemes over the 12th Five-Year Plan period, which is 2.34 times the outlay of Rs 85,344 crore during the 11th Plan.

The state’s annual Plan largely follows the objectives and priorities of the Five-Year Plan of the state as well as those of the central Plan. The draft annual Plan 2012-13 has been prepared for an outlay of Rs 28,000 crore, which is 18.97 per cent more than the outlay of the annual Plan 2011-12 (Rs 23,535 crore).

This annual Plan will be discussed shortly with the Union Planning Commission for its approval on resource plan, schematic allocation and Central support.