India News and Travel Times Provides India-centric and other News and Features

Bihar is all set to receive an annual outlay of Rs. 280 billion from the Planning Commission in the next Five Year Plan. Speaking to mediapersons here on Thursday, Chief Minister Nitish Kumar said, “The annual plan of Rs. 28,000 crore was finalised for this year during the meeting with the Planning Commission. We had proposed the annual plan of Rs. 28,000 crore and we had also kept our budget limit at Rs. 28,000 crore. The Planning Commission has officially supported the plan.” He also mentioned that the demand for special economic package to the state for the next five years, with a supplementary assistance of 200 billion, would be taken up with the Central government. “We have urged that they should continue to provide necessary assistance in the 12th Plan period. Special assistance package of Rs. 20,000 crore during the 12th 5-Year Plan and Rs. 4,000 crore every year should be given. The Planning Commission has supported its continuation and will present this proposal before the Centre with suggestions,” Kumar added. He said that the amount would be used for the specific projects such as roads, power and in agricultural sector. "We have said that they should provide this only for the specified plans and areas, specially for the roads, electricity and agriculture. We have put forward our demand and have already sent the list of policies worth around Rs. 50,000 crore,” Kumar said.

Planning Commission grants Rs 280 bn package to Bihar