Page 60 - economic review

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MACRO ECONOMIC PROFILE Financial Inclusion Plan (FIP) 2014-16

1.93 The first four-year financial inclusion plan of banks for the period 2010-2014 has ended. Al-
though there has been reasonable progress in the penetration of banking services and opening of
basic bank accounts, the number of transactions through ICT-based Business Correspondent (BC)
outlets is still very low. To continue the process of ensuring access to banking services to the exclud-
ed, banks have been advised to draw up a 2-year Financial Inclusion Plan for the period 2014-16.

Section 8
Annual Plan 2014-15

1.94 Annual Plan 2014-15 is the 3rd year of the 12th Five year Plan (2012-17). Several systemic
improvements were made during 2014 to ensure that the Annul Plan is holistically implemented.
Annual Plan for the year is formulated based on specific guidelines. While formulating the plan,
critical review of the performance of ongoing schemes was held. For the first time so far, before
the formulation of Annual Plan, stakeholder consultations were held on different areas of critical
importance to the state, with a bottom up approach, to capture information on the ground realities
of various development sectors. The recommendations of the respective Working Groups were
also considered for formulating new schemes. In order to avoid proliferation of schemes, attempts
have been made to reduce the number of schemes and wherever possible schemes having similar
nomenclature have been grouped together under a single head as an ‘umbrella’ scheme. Aiming at
a qualitative improvement in plan implementation, an Award System for the best performers in Plan
implementation has been introduced from 2013-14 onwards. Under this initiative, the awardees will
be selected on the basis of their performance in plan implementation using a 100 point Weighted
Index. Award will be given to three top performers each under five categories depending on the size
of their Annual Plan outlay. The award for the year 2013-14 is being finalised. It is also a notable
achievement that a Summary Document on Sector/Sub-Sector/Scheme wise Officer responsible
for the implementation of each of the schemes in the Annual plan 2014-15 furnished to the State
Legislature along with the Budget documents for 2014-15.

1.95 Major sector wise comparative statements of the outlays of Annual Plan (2012-13), (2013-14)
and (2014-15) is given in table 1.13 below. The total outlay for 2014-15 is ` 20000 crore, reflecting an
increase of 17.65 percent over the previous financial year’s outlay of ` 17000 crore. Out of the outlay
of ` 20000 crore, ` 4700 crore is for assistance to LSGIs and the remaining ` 15300 crore is for State

sector schemes. This includes mandatory provisions such as Other Central Assistance, One Time

ACA, EAP, NABARD, XIII Finance Commission Award, Power, SCP/TSP, SS to CSS and MLASDF.

Table 1.13
Annual Plan 2012-13, 2013-14 and 2014-15- Sector wise Outlay Comparative Statement
(` crore)

Sl.No Sector/Sub Sector Outlay Outlay Outlay % in-
(2012-13) (2013-14) (2014-15) crease

12 3456

I Agriculture and Allied activities 1236.41 1409.51 1664.02 18.06
II Rural Development 467.69 544.32 617.23 13.39

III Special Area Programmes 284.30 265.70 413.76 55.72

IV Irrigation and Flood Control 465.80 505.14 749.64 48.40
V Energy 1165.41 1222.70 1370.04 12.05

Kerala State Planning Board