The outlay includes additional Rs 800 crore for the Kumbh Mela at Allahabad next year.
The Plan for the current year, approved at the meeting between Yadav and Planning Commission Deputy Chairman Montek Singh Ahluwalia, is 23 per cent higher than Rs 47,000 crore for 2011-12.
"The first meeting of the first year. When we meet regularly, we will put forward out demands. The first meeting was not bad. It is a very good beginning," Yadav told reporters
when asked about the demand for a Rs 90,000 crore special package for development in the state.
The Centre has already cleared a package to the tune of 45,000 crore for Uttar Pradesh.
Expressing satisfaction over the Plan outlay for the current fiscal, Yadav said, "The Commission has provided us Rs 20,000 crore under the centrally sponsored schemes which would help us improve economic growth rate of the state."
"We have set target of 10 per cent growth rate in the next five years. We have to work harder to achieve this. I assure you that the state would utilise funds properly to achieve the desired growth rate."
During the meeting Yadav said,"to achieve the targetted growth of 10 per cent in the terminal year an investment of Rs 16.70 lakh crore will be required, out of which Rs 4.86 lakh crore will be in the public sector and Rs 11.84 lakh crore in private sector."
He informed the Commission that the new industrial and agriculture policy is being worked out and it would be announced shortly.
