New Delhi: The 12th Plan document that seeks to raise the economic growth rate to 9 percent during the five-year period (2012-17) will be ready by September, six months after the beginning of the Plan period.
As per the schedule, the Planning Commission will begin finalising the 12th Plan document, running into several volumes, in April and it would take at least six months to prepare the document, a source privy to the development said.
Traditionally, the Plan panel has been unveiling the policy documents months after beginning of the Plan period and this time too it will be no different.
The source further said the Commission is scheduled to complete the spade work relating to formulation of the Plan document by March 2012.
This includes submission of reports of steering committees and working groups and eliciting views of different ministries and departments.
After the finalisation of the document, it will be placed before the full Planning Commission, the Union Cabinet and the National Development Council (NDC), the highest policy making body of the country. This exercise will also take time.
The documents for 10th and 11th Plans were also finalised much after the beginning of the respective Plan periods.
The 11th Plan which began in April 2007 was approved by the NDC in December 2007. Similarly, the 10th Plan which begun in April 2002, was cleared for implementation by the NDC in December 2002.
As far as progress of the 12th Plan documentation is concerned, the NDC had approved the 'Approach Paper', which provides a broad framework of the government policy to be pursued in the five-year period to achieve the desired growth rate, on August 20 last.
The Approach Paper would be the basis for running the various government programmes and schemes till the new Plan is unveiled and implemented, the source added.
First Published: Sunday, February 26, 2012, 12:18