New Delhi, July 18: The Planning Commission Wednesday approved a Rs.57,800 crore outlay for Uttar Pradesh for the 2012-13 fiscal.
The annual plan package is of Rs.57,000 crore, while Rs.800 crore is towards special assistance for organising the Kumbh Mela festival, which will be held in Allahabad in January 2013.
The plan outlay was approved during a meeting here between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Uttar Pradesh Chief Minister Akhilesh Yadav.
Talking to reporters after the meeting, Yadav said the financial assistance would help Uttar Pradesh achieve 10 percent economic growth over the next five years.
He said that to achieve the targeted growth of 10 percent in the plan terminal year, an investment of Rs.16.70 lakh crore will be required, of which Rs.4.86 lakh crore was earmarked for the public sector and Rs.11.84 lakh crore for the private sector.