Home » Plan panel agrees on Rs 340 bn outlay for Bihar

Plan panel agrees on Rs 340 bn outlay for Bihar

Plan panel agrees on Rs 340 bn outlay for Bihar

During a meeting between Deputy Chairman of the Planning Commission Montek Singh Ahluwalia and Bihar Chief Minister Nitish Kumar, a plan outlay of Rs 34,000 crore was fixed for the state in 2013-14. This outlay is 34 per cent higher than the previous fiscal.

The central government agreed to release Rs 12,000 crore through Backward Region Grant Fund during the 12 th Plan (2012-2017). This fund is to be used mainly for energy and roads. Kumar said the state government aims to link all the habitats with population of 250 with all-weather roads.

During the meeting, Ahluwalia expressed satisfaction on the performance of the Bihar economy and said the state is a low income but high growth state.

Ahluwalia said that growth in the per capita income is higher than the national average. The rate of growth of Gross State Domestic Product has been 11.87 per cent in 11 th Plan period (2007-12) which is highest amongst all the states.

The rate of growth in 2012-13 was 9.48 per cent. The per capita net income of the state in 2005-06 was Rs 7,749, which has almost doubled to Rs 14,268 in 2012-13.

Meanwhile, it may be noted that the central assistance in total Plan size declined to 25.34 per cent from over 70 per cent during 2004-05.

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