Review of Progress Annual Plan 1967-68 Andhra Pradesh

Abstract

The outlay provided in the Budget for 1967-68 for State Plan schemes was Rs. 74.87 crores with a Central assistance of Rs. 57.50 crores and State resources of Rs. 17.37 crores. The Planning Commission however estimated the State's resources at Rs. 11.48 crores and therefore approved a Plan of only Rs. 68.98 crores. On a scrutiny of the minimum requirements of various Departments, it was found difficult to reduce the Plan outlay by this extent. However since there was a shortfall of Rs. 2.00 crores in the loans anticipated to be raised by the Electricity Board from the L.I.C. and other Financial Institutions, the allocation for Power was reduced by this amount from Rs. 32.00 crores to Rs. 30.00 crores. The Planning Commission had also earmarked within the total Central assistance of Rs. 57.50 crores agreed to for the Plan, an amount of Rs. 12.00 crores for Nagarjunasagar Project as against a provision of Rs. 8.50 crores that had been made within the Plan. It therefore1 became necessary to revise the allocation for Nagarjunasagar Project from Rs. 8.50 crores to Rs. 12.00 crores within the Plan. With a view to finding this additional allocation as well as to reducing the overall outlay to the extent, possible in the light of the reduced outlay recommended by the Planning Commission, the requirements of all the Departments were scrutinised in December, 1967 and in the R. E. for 1967-68 a sum of Rs. 71.15 crores was provided. However, the question of further reducing the Plan so as to bring it to the approved outlay of Rs. 68.98 crores had been examined subsequently and the Plan had bun finally revised to Rs. 69.74 crores. Against this, according to the reports received from the Departments, the provisional expenditure incurred was Rs. 66.30 crores.