Five year plans, the year of implementation and objectives of these plans

Dear friends, let us discuss today about the various five year plans, the year of implementation and objectives of these plans. The thirteenth plan is going on.

Year Five year plans Objectives of plans
1951-56 First Five Year Plan
  • Social service
  • Reconstructing economy
  • To solve food crisis and increasing production capital
1956-61 Second Five Year Plan
  • To increase investment in basic and key industries
  • To solve the problem of employment and inequality
1961-66 Third Five Year Plan
  • To expand basic industries like steel, chemical and fuel
1966-69  Plan Holiday
  • 14 banks were nationalized and green revolution happened
1969-74 Fourth Five Year Plan
  • Growth with stability
  • Improve public sector
  • To increase employment opportunities and self sufficiency in agriculture sector
1974-78 Fifth Five Year Plan
  • Increase employment, medical facilities, improve social welfare
  • Agricultural development, export promotion and import reduction
1978-79 Rolling Plan  
1980-85 Sixth Five Year Plan
  • To encourage modernization
  • Reduce poverty
  • To improve standard of living and reduce regional disparities
1985-90 Seventh Five Year Plan
  • To provide people food, cloth, shelter
  • Universal education and health facilities
1992-97 Eighth Five Year Plan
  • To reduce population explosion
  • To make primary education compulsory
  • To strengthen infrastructure
1997-2002 Ninth Five Year Plan
  • To improve quality of life
  • To regional imbalance
  • To promote self dependence
2002-2007 Tenth Five Year Plan
  • To reduce regional discrepancies of financial market
  • To accelerate saving and promote investment
  • To make strategies for reducing population
2007-2012 Eleventh Five Year Plan
  • To strengthen the weaker sections of the society
  • To empower women
  • To expand irrigation facilities
  • To improve quality of life of citizens
2012-2017 Twelfth Five Year Plan
  • To improve the international trade and promoting export
  • Making India progressive
2017-2022 Thirteenth Five Year Plan
  • To promote start up India
  • Making young entrepreneurs.

 

This was all about the various five year plans, the year of implementation and objectives of these plans. The thirteenth plan is going on.

 

6 Micro factors affecting Business Environment

 

An external factor which affects the business environment means the factor beyond the control of business. These can be broadly classified into micro and macro environment.

Micro Business Environment: It means the forces which are immediate close to the business organization and influence its functioning. It affects different firms in different ways depending upon its circumstances. Micro environment consists of following parameters: Continue reading “6 Micro factors affecting Business Environment”