The full Planning Commission headed by Prime Minister Manmohan Singh is likely to meet by July end to approve the 'Approach' paper to the 12th Five Year Plan (2012-17) that seeks to raise the economic growth to 9-9.5%.
"The meeting of full Planning Commission chaired by the Prime Minister may meet by the end of next month to approve the 'Approach' to 12th Plan," a source privy to the development said.
Approach paper provides broad framework of the government policy to be pursued in the five-year period to achieve the desired growth rate.
Planning Commission Deputy Chairman Montek Singh Ahluwalia yesterday indicated that the Approach to the 12th Plan would be ready by the middle of next month.
"Internally we have scheduled that the approach document should be ready sometime in the middle of July," Ahluwalia had told reporters.
After approval of the Approach Paper by the full Plan panel, the document will be placed before the Union Cabinet for consideration.
"Since the Parliament's Monsoon session is scheduled from August 1 to September 8, the document would be placed before country's highest policy making body, National Development Council (NDC), anytime after it" the source added.
Plan panel is expecting to complete the regional consultations with states for finalising the document by first week of July. The last of such consultation will be held in the first week of July with northeastern states including Assam, Nagaland, Arunachal Pradesh and Manipur.
The Commission had already completed discussion on the document with four regions including North, East, South, West where out of 22 states, 11 Chief Ministers turned up to participate in the planning process.
In the full panel meet on April 21, Prime Minister Manmohan Singh had said, "The 12th Plan objective must be faster, more inclusive and also sustainable growth... We need to identify the critical areas where existing policies and programmes are not delivering results, and should, therefore, be strengthened or even restructured."
During the full Planning Commission meeting, the panel had presented its take on various issues to be looked at carefully while preparing 12th Plan.
The Commission had suggested to fix economic growth target of 9-9.5% in the next Plan.
Aiming at 100% adult literacy, the panel had proposed to increase expenditure on health from 1.3% to at least 2-2.5% of GDP.
