The Planning Commission approved an outlay of Rs 5.19 lakh crore for Indian Railways in the Twelfth Five Year Plan (2012-2017). It may be noted that the railway ministry proposed an outlay of Rs 5.48 lakh crore.
This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in Rajya Sabha.
The total outlay cleared by the commission includes –
(i) Gross Budgetary Support – Rs 194,221 crore.
(ii) Internal Generation – Rs 105,000 crore.
(iii) Extra Budgetary Resources – Rs 220,000 crore.
Outlay for different sectors is decided by the Planning Commission keeping in view the total availability of resources and requirement of resources in different sectors.
For financing the Twelfth Plan outlay, adequate Gross Budgetary Support, mobilization of Extra Budgetary Resources including bonds and Public-Private Partnership (PPP) in identified areas and mobilization of internal resources would be necessary. All efforts are being made for mobilizing these resources, the minister said.
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