Mantralaya sources told The Financial Express that the size of Rs 13,000 crore had been estimated based on the state government's resource size of which is pegged at Rs 1,400 crore for the next fiscal.

There has been rise in the annual plan size since 1997-98, when it was Rs 8,325 crore. This increased to Rs 11,600 crore in 1998-99, to Rs 12,161.66 crore in 1999-00 and to Rs 12,330 crore in 2000-01. However, the sources admitted that the government had introduced a 15 per cent cut, which comes to Rs 945 crore in the current fiscal's annual Plan.

Ironically, the state government, which has to repay various debts amounting to Rs 37,000 crore, has decided to approach the market in the next fiscal. During the current fiscal, although it had planned to raise nearly Rs 7,200 crore, it had to settle at Rs 4,500 crore in view of volatile market conditions.

During 2001-02, the state planning department had recommended that it could approach the market to raise Rs 5,000 crore against the demand of Rs 9,680 crore made by various government departments and its undertakings.