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.
There is no 13th five year plan as 12th plan ended 31st Mar 2017 sine than govt replace/scrapped the Planning commission and replace it by advisory body of Niti Ayog which did not have any discretiinary grants in aids power. It is merely an advisor body which has kaid down 7 years and 15 years development vision for indian economy.