Haryana tops 11th five year plan in mopping up funds, Punjab in borrowing
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Turbocharged Haryana's growth rate may have hit a seven-year low but when it comes to mopping funds, it has bagged the number one slot among states. According to report of Planning Commission on the 11th Five Year Plan performance, Haryana achieved nearly double of the projected figure of financial resources during the plan period (2007 -2012).
Against projection of Rs 33,374 crore, Haryana's plan resources were Rs 64,123 crore — registering the highest jump of 192 per cent. In terms of aggregate resources though, bigger states like Gujarat, Maharashtra, Karnataka, Uttar Pradesh and Andhra take the lead.
The Commission's report shows financial resources of both general and special category states in terms of projections originally made by the working group for the 11th Plan and actual realisation on the basis of data provided by state governments for the 12th Five Year Plan. Among the 17 general category states, six could realise more than the projections. Haryana topped the charts followed by Orissa, Bihar, Karnataka, Rajasthan, Goa, Gujarat and Madhya Pradesh where actual realisation of resources is above the average for general category states.
Punjab, on the other hand, is among the states that have failed to achieve the projected target. Against the Rs 28,923 crore, Punjab's aggregate resources during the plan period were Rs 25,298 crore, showing realisation rate of 87.5 per cent. The state is at the bottom of the pile, even lower than Chhattisgarh and Jharkhand and only higher than the relatively much smaller state of Goa.
During the 12th Five Year Plan, Planning Commission's estimates peg both Haryana and Punjab's resources to jump threefold. While Haryana's will jump from the current Rs 64,123 crore to Rs 1,85,212 crore, Punjab is expected to touch Rs 79,496 crore from the current Rs 25,298 crore. Punjab will continue to remain at the bottom of the pile with Chhattisgarh, Jharkhand and bettering only Goa.
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