Plan panel approves J&K's provisional annual plan of Rs 7,300 cr for 2012-13

NEW DELHI: Planning Commission has approved Jammu & Kashmir's annual plan size for the year 2012-13 at Rs 7,300 crore. The cleared plan size for the state will be utilised in the development of the state.

This year's plan size of 7,300 crore for the state is an increase of 10 per cent in the fiscal outlay vis-a-vis previous year's plan.

Planning Commission Deputy Chairman Montek Singh Ahluwalia, who met Jammu and Kashmir Chief Minister Omar Abdullah, had reviewed the proposals for the current annual Plan of 2012-2013 along with him.

“ We reviewed the proposals for the current annual Plan of 2012-2013, and also looked at the state's perspectives for the Twelfth Plan period. We have approved a Plan size of rupees 7,300 crores for the current year plus another rupees 700 crores for the Prime Minister's reconstruction package, which makes it a total size of about rupees 8000 crores, which is fully funded. We have noted quite a lot of progress in many areas, specially in areas of infrastructure development. My colleagues have complimented the Chief Minister for the development momentum that is being built up in the state of J&K,” said Ahluwalia.

Omar Abdullah said, “It would be impossible to single out a single area of importance for us. Obviously infrastructure continues to occupy an important area for us, whether it is connectivity, road and otherwise improvement in electricity and water supply, improvement in the education both in terms of physical infrastructure as well as quality education.”