National

W. Bengal registers 110% growth in State Plan release

Abhishek Law Kolkata | Updated on September 20, 2014 Published on September 20, 2014

Finance, Commerce and Industry and IT Minister, Amit Mitra. (file photo)

West Bengal has witnessed a 109.73 per cent increase in State Plan release till September 15 this fiscal.

According to State Finance, Commerce and Industry and IT Minister, Amit Mitra, the release has been made under various State Plan heads as well as by combining a number of central schemes such as MGNREGA, NHRM, and PMGSY.

On its own, the State has seen a 63 per cent growth in its planned expenditure. Approximately, ₹ 20,607 crore has been released under the State Plan head.

"We have seen a huge increase of 109 per cent in State Plan release. This includes various central schemes too. If we take out these Central schemes, then we have seen a 63 per cent increase," he said during the AGM of the 127th Bengal National Chamber of Commerce and Industry (BNCCI) here on Saturday.

Similarly, the State Capital Expenditure has seen a 43.66 per cent growth in 2013-14 against 21.96 per cent growth in 2012-13.

"What this means is, we are creating assets in the State. Until we came to power there was a negative growth in capital expenditure here," he maintained.

During the first quarter (April to June) of this fiscal (2014-15), the State registered a higher than national growth in terms of GDP, industrial and IIP.

While GDP growth stood at 8.9 per cent, national GDP was at 5.7 per cent.

During the period, the State's industrial growth stood at 6.28 per cent against 4.2 per cent (nationally).

Similarly, the State's IIP stood at 4.6 per cent. India's IIP during the period stood at 3.9 per cent.

Published on September 20, 2014
This article is closed for comments.
Please Email the Editor