The annual plan outlay of Andhra Pradesh for 2008-09 has been estimated at Rs 44,000 crore, comprehensive of additional Central assistance of Rs 165 crore for projects of special interest to the State. This was accorded here on April 21 at a meeting between the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, and the Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy. Mr Ahluwalia said that the State was doing well in all sectors of economy and adverted to the State''s efforts for boosting private sector participation in social sectors including education and health in this regard. Complimenting the State on focused attention to agriculture and allied areas, he said fund flow to irrigation sector has gone up substantially during the last four years with the State posting impressive increase in yields.
The State Government was appreciated for introducing agriculture insurance scheme with village as a unit, loan to farmers on three per cent interest and aggressive agriculture extension programme. The Chief Minister said that last four years, the economy has climbed an accelerated growth trajectory because of bold policy initiative in major areas. The GSDP has registered the highest ever plan growth of 7.42 per cent. The growth rate for 2007-08 (first year of the Eleventh Plan) was expected to be 10.37 per cent.
The State Government was appreciated for introducing agriculture insurance scheme with village as a unit, loan to farmers on three per cent interest and aggressive agriculture extension programme. The Chief Minister said that last four years, the economy has climbed an accelerated growth trajectory because of bold policy initiative in major areas. The GSDP has registered the highest ever plan growth of 7.42 per cent. The growth rate for 2007-08 (first year of the Eleventh Plan) was expected to be 10.37 per cent.
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