Following the incident, Uttar Pradesh government tonight suspended five police officers including two Superintendents of Police.
The incident took place in Ramnagar police station area of Varanasi when thousands of followers of Jai Gurudev were proceeding towards Domri village in Chandauli for the two-day samagam (camp) which began today, ADG (Law and Order) Daljit Chaudhary said.
Of the deceased, 20 were women, police said.
Chief Minister Akhilesh Yadav has directed the Commissioner, Varanasi, to institute a magisterial inquiry into the incident.
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He extended an ex gratia of Rs five lakh each to next of kin of those killed and free treatment to the injured, who have been admitted to different hospitals in Varanasi and Chandauli.
Besides the ex-gratia, Yadav announced another compensation of Rs 5 lakh under the Samajwadi Kisan and Sarvhit Bima schemes, an official release said.
The place where the camp is being organised is two kilometres away from the spot where the incident took place, police said, adding people in large numbers were brought for the camp by the organisers who had taken the permission only for two to three thousand devotees.
One person died due to suffocation on the bridge because of the surging crowd on the narrow Ganga bridge leading to rumours which resulted in the stampede, Chaudhary said.
This led to rumours that the bridge ahead has collapsed leading to stampede, he said, alleging there was a serious lapse on the part of the administration.
Principal Secretary (Home) Devashish Panda, Home Secretary S K Raghuvanshi, DGP Javeed Ahmed have rushed to Varanasi to monitor the rescue work. Senior officials from the two districts are camping there.
Chaudhary said that additional force, including 20 companies of Provincial Armed Constabulary, has been deployed in the area for the second day of the samagam tomorrow.
Varanasi Superintendent of Police City Sudhakar Yadav, SP Traffic Kamal Kishore, Kotwali Circle Officer Rahul Mishra, Station Officer of Ramnagar police station, Anil Kumar Singh and Incharge of Mughalsarai police station in Chandauli district, Sub-inspector Vinod Yadav have been suspended.
Meanwhile, Varanasi district administration has launched a helpline number 0542-2508464.