The Planning Commission today approved West Bengals annual plan of Rs 30,314 crore for the current fiscal,meeting the states expectations.
The annual plan size of Rs 30,314 crore - an increase of 17 per cent over the outlay for 2012-13 - was approved after a meeting between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Chief Minister Mamata Banerjee here.
The Rs 30,314 crore plan size includes additional central assistance of Rs 6,645 crore.
We have got 17 per cent increase in the outlay for 2013-14 fiscal over last year. We had proposed 17 per cent hike, Mamata said. The commission had approved a plan size of Rs 25,910 crore for the previous fiscal.
Briefing the commission,the state government said that Bengals revenue generation hit a record high of Rs 32,000 crore in 2012-13,a growth of 30 per cent. Of the Rs 32,000 crore revenue,the Reserve Bank has,however,deducted Rs 25,000 crore for meeting the states interest payment obligation. The state has a debt stock of about Rs 2 lakh crore. The state government also boasted of receiving investments of Rs 1.12 lakh crore since May 2011,which has a potential to generate 3.14 lakh jobs.
During the meeting,the commission said West Bengal has an image of a strong industrial centre and it was keen to extend support in improving business regulatory environment,encourage cluster approach in facilitating better use of technology and for skill upgradation. The state was also asked to encourage garment industry,which has great export potential.
Ahluwalia said the commission will shortly move for Cabinet approval of its proposal to introduce flexibility in the implementation of flagship programmes. The state should forward suggestions to implement these schemes in the state,he added.