New Delhi: Amid the ongoing controversy over disinvestment, the full Planning Commission under the chairmanship of Prime Minister Atal Behari Vajapyee will meet on October 5 to approve the Tenth Plan document, which envisages raising Rs 75,000 crore from sale of government equity in PSUs (Public Sector Undertakings).

The draft document, which has set an eight per cent GDP (gross domestic product) growth target during the five-year period 2002-07, has identified privatisation of non-strategic public enterprises as a crucial area to push ahead with reforms.

Deputy Chairman of the Commission K C Pant on October 3 had a crucial meeting with Vajpayee on the preparations for the Tenth Plan.

"The policy of disinvestments of public sector undertakings should be pursued so as to enable the realisation of Rs 16,000 crore per annum to finance the plan," the Commission has said in its draft paper.

Achievement of the Rs 75,000 crore target would require a mop up of at least Rs 16,000 crore every year. The government in the current fiscal has so far been able to collect a mere Rs 3000 crore by way of privatisation.

Pant is, however, confident the ambitious disinvestment target could be achieved and brushed aside differences within the government on disinvestment issues including that on oil sector saying, "some differences are bound to be there in a coalition".

"There is no reason for me to make that assumption (that the target would not be achieved). Government has adopted a clear cut policy on disinvestment, and I have no reason to doubt that," he had told reporters earlier this week.

PTI