What is the Five Year Plan?

The five-year plan is launched by the central government for economic and social development for the country’s people every 5 years. Five Year Plans are centralized and integrated national economic programs. 12th Five Year Plans have released so far under the scheme. Under this scheme, facilities are being provided in the country for agricultural development, providing employment opportunities, promoting of productivity using human and physical resources, etc. Dear friends today we are going to provide you All Information about India’s 13th Five Year Plan 2017 to 2022 related to the scheme through this article of ours read this article till the end.

First Five Year Plan (1951-1956)

The first five-year plan was launched by Pandit Jawaharlal Nehru, the first Prime Minister of our country, in 1951 and the term of the scheme lasted till 1956. It is a national plan of India developed and implemented by the Planning Commission under the Chairmanship of the Prime Minister| In the First Five Year Plan, special emphasis was given to the agriculture sector because the shortage of foodgrains was a matter of grave concern. Five steel plants were laid during the same Five Year Plan.

The target of the first five-year plan

  • Achieving self-sufficiency in case of foodgrains at least possible period
  • To control inflation.
  • Resettlement of refugees
  • At the same time, the scheme initiated the process of all-around development to assure a continued increase in national income.
  • Agriculture has given priority under the scheme.

Second Five-Year Plan (1956 –1961)

The tenure of this scheme lasted from 1956 to 1961. Under this scheme, the focus was on the industry. Domestic production of industrial products has encouraged in the Second Plan. Under this scheme, its targets to increase the national income by 25% in 5 years to raise the standard of living of the people of the country. The 2ed Five Year Plan attempted to maximize long-run economic growth in order to determine the optimal allocation of investment among productive sectors.

The target of the second five-year plan

  • The priority of industry gives under this scheme.
  • Under this scheme, domestic production of producers in the country has encouraged.
  • The plan is a close economy in which the main business activity will be a focus on import capital goods.
  • During this plan, three big steel factories were open – Bhilai, Durgapur, Rourkela.

Third Five Year Plan (1961–1966)

The plan emphasized reforms in agriculture and wheat production. But the brief 1962 India-China war exposed weaknesses in the economy and shifted attention to the defense industry. The tenure of this scheme lasted from 1961 to 1966. Many cement and fertilizer plants also built under this scheme and abundance production of wheat starts in Punjab. To promote agriculture and wheat production in the country under this scheme.

The target of the third five-year plan

  • Priority gives to agriculture and industry under this scheme.
  • The objective of the Third Five-Year Plan is to make the economy self-reliant and also to export abroad.
  • Under this scheme, new industries expanded such as the provision of cement, chemical food, etc.
  • The target of domestic product (GDP) was to achieve a growth rate of 5.6 percent. The growth rate achieved was 2.84 percent.

Fourth Five Year Plan (1969-1974)

The scheme was launch in 1969. The tenure of the scheme lasted from 1969 to 1974. Indira Gandhi was prime minister at the time of the launch of the 4th Five Year Plans. Under the Fourth Five Year Plan, Prime Minister Indira Gandhiji’s government nationalized 14 major Indian banks and the Green Revolution improved agriculture. At the time of the 1971 elections, Indira Gandhi gave the slogan ‘ Garibi Hatao ‘. Had sent the fund earmarked for industrial development to the war effort.

Fourth Five Year Plan target

  • Economic development gives priority under the scheme.
  • Economic growth with stability and Greater attainment of self-sufficiency
  • In the Fourth Five Year Plan, the growth target kept at 5.7%, and in reality, only 3.3% achived.

Fifth Five Year Plan (1974 – 1979)

The plan emphasized self-sufficiency in agricultural production and defense. The Regional Rural Bank established on 2 October 1975. The plan was to reduce social, economic, and regional inequality and achieve self-sufficiency along with poverty alleviation.

Sixth Five Year Plan (1980–1985)

The scheme launched for economic liberalization. The term of the Sixth Five Year Plan lasted from 1980 to 1985. The Sixth Five Year Plan has been prepared repeatedly by the First Janata Party (for the period 1978-1983) “Continuous Planning”. But after the formation of Indira Gandhi’s new government in 1980, the new Sixth Five Year Plan (1980-1985) launched by abolishing the scheme. Under the scheme, the emphasis given to achieving employment by eliminating poverty in the country.

Sixth Five Year Plan Target

  • The main objective of the scheme was to prevent poverty from the country and establish economic development, modernization, and social justice.
  • Under the scheme, inflation declined from 16.7% to 5.

Seventh Five Year Plan (1985–1990)

The scheme launched to increase production in India and create employment opportunities| Indira Awas Yojana (1985-86), Jawahar Rozgar Yojana (1989), and Nehru Rozgar Yojana (1989) were implemented in the Seventh Five Year Plan. The 7th Plan was striving towards socialism and large-scale energy production.

The target of the Seventh Five Year Plan

  • Reducing poverty from the country and promoting production.
  • To progress in social societies.
  • To lead the rural areas towards advancement.

Eighth Five Year Plan (1992–1997)

Under this scheme, the top priority in the country was the ‘ development of human resources ‘ for employment or education and public health. To improve education under this scheme. Under the Eighth Five Year Plan, the rapidly widening deficit and foreign debt of the gradual opening up of the Indian economy corrected. The scheme strengthens population growth, poverty reduction, controlling employment generation, infrastructure, institutional construction, tourism management, human resource development, panchayat raj, Nagar Palinkas, NGOs, and participation of people. 26 of the energy outlay. Preferred with 6%.

Eighth Five Year Plan Objective

  • Elimination of illiteracy and universalization of primary education among the people in the age group of 15 to 35 years.
  • Achieve full employment by the end of the century.
  • Energy, transportation, communication, and irrigation are to be strengthened under this scheme.

Ninth Five Year Plan (1997-2002)

The tenure of the scheme lasted from 1997 to 2002. Through this scheme, the scheme launched to meet the target of rapid industrialization, human development, full-scale employment, poverty reduction, and self-sufficiency on domestic resources. Under this Navi Five Year Plan, ‘Swarna Jayanti Urban Rozgar Yojana, Jawahar Gram Samriddhi Yojana, Swarna Jayanti Gram Swarozgar Yojana, Pradhan Mantri Gramodaya Yojana’ were included. To provide infrastructure, safe drinking water, primary health care, transportation, energy, women empowerment to check increasing population growth, etc.

The objective of the Ninth Five Year Plan

  • The main objective of the 9th Five Year Plan is to focus on areas such as employment, self-sufficiency, and regional balance to achieve this goal, achieving social justice and economic growth.
  • The growth rate in the agriculture sector in the ninth plan. The actual achievement against the target of 9 percent is only 2. 1 percent.
  • Proper utilization and full preservation of natural resources.

Tenth Five Year Plan (2002-2007)

Under the scheme, remunerative and high-quality employment was provided in addition to the labor force by reducing the poverty ratio by 5 percentage points by 2007. Under this Tenth Five Year Plan, there was the rapid growth in those areas of the country where employment opportunities were there. These include related services in agriculture, construction, tourism, small scale industry, retail, information technology, and communication sector, etc.

Objectives of Tenth Five Year Plan

  • Under the scheme, employment houses were provided in underdeveloped areas of the country.
  • The 10th Five Year Plans were the most stressed on agriculture and the highest spent on energy.
  • By the year 2007, the reach of primary education

Eleventh Five year Plan(2007-2012)

The scheme launched on 1st April 2007. The term of the 11th five-year plan lasted from 2007 to March 31, 2012. The main objective of the scheme was the fastest and inclusive growth. The total budget of Five Year Plans of the State by Planning Commission 71731. 98 crores have been approved. Achieving the target of 4% growth in agriculture and 9-11% per annum in services. To reach the people who are below poverty in the rural areas.

Twelfth Five Year Plan (2012-2017)

The scheme launched on 1st April 2012. Under the scheme, the Planning Commission has aimed to achieve an economic growth rate of 10% annually in the Twelfth Five Year Plan which runs from 1st April 2012 to 31st March 2017. The global economic crisis has also impacted the Indian economy. The 12th Five Year Plans covered agriculture, industry, energy, transport, communication, rural development, and urban development in the economic sector and included health, education, employment and skill development, women’s agency, child rights, and social inclusion in the social sector. The annual growth figure in the 2nd Five Year Plans kept at 8.2 percent |

Thirteenth Five Year Plan (2017 – 2022)

Now five year plan has converted in NITI Aayog (National Institution for Transforming India). The scheme is launch every year. Under the scheme, resource books, classrooms, etc., will be corrected and the weaker students belonging to SC, ST, and OBC will be taught separately under the remedial classes. Guidance will give to students preparing for national and state-level eligibility test, civil services, and other competitive examinations. Subject experts will call. There will also be a separate budget for career counseling. All Information about India’s 13th Five Year Plan 2017 to 2022. More updates will come after 2022.

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