UPSC Economy GS 3
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📍SEVENTH PLAN
#Planninginindia
💡 The Plan (1985–90) emphasised on rapid food grain production, increased employment creation and productivity in general.
💡 The basic tenets of planning, i.e., growth, modernisation, self-reliance and social justice remained as the guiding principles.
💡 The Jawahar Rojgar Yojana (JRY) was launched in 1989 with the motive to create wage-employment for the rural poors. Some of the already existing programmes, such as the IRDP, CADP, DPAP and the DDP were re-oriented.
▪️@upsc_economy_notes
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📍 SIXTH PLAN (1980-85)
#Planninginindia
💡 Major objective : Poverty Alleviation.
💡 The Janata Government had adopted a Sixth Plan (1978-83), which was conceived as a rolling plan. Mrs. Gandhi’s Government in 1980 abandoned this and a new sixth plan was drafted.
💡 Poverty alleviation is the top priority.
💡 Qualitative improvement in the living standards of people by means of Minimum Need Programme (MNP).
▪️@upsc_economy_notes
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📍 FIFTH PLAN (1974-79)
#Planninginindia
💡 Major objective: Poverty eradication and attainment of self-reliance.
💡 A National Programme for Minimum Needs including elementary education, safe drinking water, health care, and shelter for landless.
💡 Adequate collection and distribution system in order to provide the commodities of necessary consumption to the poor people at reasonable and stable prices.
💡 Stress on Export Promotion and Import Substitution.
💡 A growth rate of 5.2% (against a target of 4.4%) achieved.
💡 Agricultural production increased by 4.2% – the highest so far.
💡 The Janata Government terminated the Plan in 1978.
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📍 THREE ANNUAL PLANS
#Planninginindia
💡 Annual Plans from 1966–69. Tough the Fourth Plan was ready for implementation in 1966, the weak financial situation as well as the low morale after the defeat by China, the government decided to go for an Annual Plan for 1966–67.
💡 After the disastrous experience of the Third Plan, a planned holiday was declared for three years. All available resources were mobilized for building a buffer stock and for stepping up food production learning from the experience of near-famine years (1965-66).
💡 Favourable monsoons and technological break-through in wheat popularly known as ‘green revolution’ reduced the inflationary pressure.
💡 Nationalization Banks were another major step during this period.
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📍THIRD FIVE YEAR PLAN (1961-66)
#Planninginindia
💡 Objective : Self-sustaining growth.
💡 Emphasis on basic industries continued but agriculture and allied sectors (irrigation and power) were allocated 35% of the outlay.
💡 A series of crises - China war (1962), Nehru’s death (1964), Pakistan war (1965) and Shastri’s death (1966), major drought (1965-66) - marred the smooth implementation of the plan.
💡 Growth rate of only 2.2% achieved as against a target of 5% per annum.
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📍 SECOND FIVE YEAR PLAN
#Planninginindia
💡 1956-61
💡 Major objective: Rapid Industrialization with particular emphasis on development of basic and heavy industries.
💡 Large industries including steel plants (Durgapur, Bhilai and Rourkela) were set up. The locomotive factory at Chittaranjan and Coach factory at Perambur were other major projects of this period.
💡 It was based on Mahalanobis Model.
💡 It targeted a 25% increase in national income through rapid industrialisation. Actual achievement was only 20%.
💡 Goal of establishing the socialistic pattern of society.
▪️@upsc_economy_notes
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📍 FIRST FIVE YEAR PLAN
#Planninginindia
💡 1951–56.
💡 The plan accorded the highest priority to agriculture including irrigation and power projects.
💡 About 44.6 per cent of the plan outlay went in favour of the public sector undertakings (PSUs).
💡 It was based on the Harrod Domar Model.
▪️ @upsc_economy_notes
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📍 FUNCTIONS OF PLANNING COMMISSION [PART 2]
#Planninginindia
💡 Determine the nature of the machinery which will be necessary for securing the successful implementation of each stage of the plan in all its aspects;
💡 Appraise from time to time the progress achieved in the execution of each stage of the Plan and recommend the adjustments of policy and measures that such appraisal may show to be necessary; and
💡 Make such interim or ancillary recommendations as appear to be appropriate either for facilitating the discharge of the duties assigned to it; or on a consideration of the prevailing economic conditions, current policies, measures and development programmes; or on an examination of such specific problems as may be referred to it for advice by Central or State governments.”
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06:51
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