Tuesday, March 4, 2008

Orissa''s Annual Plan Estimated At Rs 7,500cr

New Delhi: The size of the annual plan of Orissa for 2008-09 has been estimated at Rs 7,500 crore here, comprehensive of additional Central assistance of Rs 100 crore for projects of special interest to the State. This was arrived at a meeting between Planning Commission''s Deputy Chairman, Mr Montek Singh Ahluwalia, and the Chief Minister, Mr Naveen Patnaik. Mr Ahluwalia said the State has been improving in plan performance. Investments in agriculture infrastructure and human development sector need to be increased. Appropriate policy measures should be taken to create a conducive environment that fosters growth of entrepreneurship and encourages private sector investments.

Efforts should be further intensified to decrease this gap during the 11th Plan period. Attention was also drawn to high transmission and distribution losses, and low rural electrification. Briefing the Commission on development strategy for the 11th Plan, Mr Patnaik said the State will target at a growth rate of over 9 per cent during the Plan to reduce poverty by 15 percentage points. For inclusive, broad-based and sustainable growth, agriculture and allied sector would be given priority.

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