Plan Panel to submit 12th Plan Approach Paper to PM on Saturday

The document will be placed before the Union Cabinet for consideration before being taken up for discussion and final approval by the country's highest policy-making body, the National Development Council

New Delhi: The Planning Commission is likely to table the Approach Paper to the 12th Plan before the prime minister on Saturday, seeking to raise India's economic growth rate to 9%-9.5% during the five-year period beginning April 2012, reports PTI.

"The Approach Paper to the 12th Plan (2012-17) is likely to be placed before the Prime Minister on 20th August at his residence," a source privy to the development said.

As the full Planning Commission headed by prime minister Manmohan Singh had in its meeting in April this year entrusted the panel with the task of finalising the document, the source said, it would be submitted directly to the prime minister's office.

The Approach Paper provides a broad framework of the government policy to be pursued in the five-year period to achieve the desired growth rate.

The document will be placed before the Union Cabinet for consideration before being taken up for discussion and final approval by the country's highest policy-making body, the National Development Council (NDC).

The NDC, which is headed by the prime minister, comprises Union ministers and state chief ministers.

The Plan panel has already completed regional discussions with state chief ministers earlier this month.

The last such consultation was held in the first week of July with north-eastern states, including Assam, Nagaland, Arunachal Pradesh and Manipur. The commission earlier held discussions with the chief ministers of states falling in the North, East, South and West regions.

In the full panel meet on 21st April, Mr Singh had said, "The 12th Plan objective must be faster, more inclusive and also sustainable growth... We need to identify the critical areas where existing policies and programmes are not delivering results, and should, therefore, be strengthened or even restructured."

During the full Planning Commission meeting, the panel had presented its take on various issues to be looked at carefully while preparing the 12th Plan.

The commission had suggested fixing an economic growth target of 9%-9.5% for the next Plan.

Aiming at 100% adult literacy, the panel had also proposed to increase expenditure on health from 1.3% to at least 2%-2.5% of the GDP.

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