JK govt outlays Rs 25,000 cr for state under 11th 5 year plan

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Jammu, Jan 7 (UNI) Jammu and Kashmir government has projected an outlay of Rs 25,000 crore for the state under 11th five year plan, with an aim at achieving eight per cent growth per annum.

Governor Lt Gen S K Sinha (retd) informed this during his address to the joint session of state legislature here this morning.

''For the 11th five year plan (2007-2012), an outlay of about Rs 25,000 crore has been projected for the state, targeting the net growth of about eight per cent per annum as against the total outlay of about Rs 14,500 crore during the 10th five year plan (2002-2007),'' the governor said.

Besides focus on the core sectors of agriculture, health, education, road connectivity, power and urban infrastructure, Lt Gen Sinha said the 11th five year plan has been formulated with the objective to attract private investment alongwith government funding.

Sourcing maximum funds under centrally-sponsored flagship schemes and a focus on completion of ongoing projects/schemes to consolidate the benefits of investment are the other objectives of the plan, which also focuses on employment generation, he informed.

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