Panchvarshiya Yojana: The national government initiates a five-year plan for the social and economic advancement of the populace every five years. The Indian government creates documents on its own behalf that outline its projected revenue and expenses for the following five years. In India, the first five-year plan was initiated in 1951. The Indian economy was based on the concept of planning through five-year plans from 1951 to 2017. Its main objectives are the development of the industrial sector, the generation of new jobs, the stimulation of the economy, the progress of agriculture, and the public’s empowerment, independence, and strength.
We will provide you information about all of the five-year goals of today through this post.
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Contents
What is five year plan?
The Indian government launched many five- to 12-month plans after independence with the goal of achieving economic growth and development. That is the national strategy for India. People have benefited from a variety of centers and benefits thanks to those five to twelve month applications, which have shown to be substantially beneficial. as a result, the country’s populace has emerged as sufficiently self-sufficient and knowledgeable about local policies. Niti Aayog will now be in charge of these programs, which were formerly within the Planning Commission’s purview.
Niti aayog become founded on january 1st, 2015. he is unable to make decisions on behalf of the authorities. it will serve truely as a frame for recommendation. and will establish guidelines for the advantage.
Information about five year plan
| name of the scheme | Panchvarshiya Yojana |
| was started | by Government of India |
| total five year plan | 12 plan |
| Formation of commission | 15 March 1950 policy |
| आयोग की स्थापना | 1 January 2015 |
| Benefit | Providing new employment opportunities |
| Objective | Agricultural development and dynamism of the economy |
| official website | https://niti.gov.in/ |
First five year plan (1951 to 56)
Jawaharlal Nehru, India’s first prime minister, launched the nation’s first five-year plan at that time. Jawaharlal Nehru, the prime minister of India, presented it to the legislature in 1951. This was intended to excite the populace as a whole upon their freedom. From 1951 to 1956, the First Five Year Plan was in effect. The initial five-year plan placed more of an emphasis on growing savings and was based on the Harrod Domar model. It comprised irrigation and dam construction, with a primary concentration on the agricultural industry. The government allocated a substantial amount for the Bhakra Nangal Dam.
Second Five Year Plan (1956–61)
From 1956 to 1961, the Second Panchvarshiya Yojana was in effect. This plan was made using the P.C. Mahalanobis model. Our primary objective was to highlight the nation’s industrial growth and public sector. In order to safeguard indigenous industry, the government implemented import taxes under this plan, which placed a strong emphasis on quick structural reform. This strategy also worked well. Its actual growth rate was somewhat lower than anticipated at 4.27%, compared to its intended growth rate of 4.5%.
Third Five Year Plan (1961–66)
- Once more, agriculture was given top importance in this strategy, which also paid particular attention to high-yielding varieties under the intensive agriculture program and agricultural district programs. However, the project was not entirely successful due to severe drought.
- The Green Revolution began in 1966 because new plans could not be initiated during this period due to the war situation and drought.
Fourth Five Year Plan (1969–74)
During the term of Indira Gandhi, the first female prime minister of India, the Fourth Five Year Plan was launched. This was an attempt to improve PC malfunctions. The Ashok Rudra and A S Gadgil model served as the foundation for the fourth five-year plan. This approach placed a strong focus on developing in a stable manner and moving toward spiritual dependency. During the Green Revolution, Indira Gandhi led the nationalization of fourteen major Indian banks and initiated programs to assist drought-prone agricultural areas. The government had set an objective of 5.7% growth, however this scheme’s growth was only 3.3% of that. This five-year strategy did not work either.
Fifth Five Year Plan (1974–79)
- In this case, the agriculture sector received 15% of the overall expenditure. Overall, real output stayed higher than target from the First Five Year Plan to the Fifth Five Year Plan (except from the Third Plan).
- This plan called for the production of food grains to reach a target of 1520 lakh tonnes; however, it actually surpassed 1840 lakh tonnes, which is why some scholars have dubbed this the Second Green Revolution.\
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Sixth Five Year Plan (1980–85)
- This program marked the beginning of the second phase of the Green Revolution, with increased focus on management and investment in the agricultural sector.
Seventh Five Year Plan (1985–90)
When Rajiv Gandhi was prime minister, the Seventh Five Year Plan was introduced. It placed a strong focus on using technology to raise industrial production levels. This plan’s primary goals were boosting the nation’s grain output in larger quantities, boosting economic productivity, giving residents job opportunities, and promoting social justice. With this strategy, the private sector was given precedence over the physical sector for the first time. It grew 6.1% compared to the 5.0% growth plan. The Indira Gandhi administration carried out three programs under the Seventh Five Year Plan.
- Indira Awas Yojana 1985-1986,
- Jawahar Employment Scheme 1989
- And Nehru Employment Scheme 1989.
Eighth Five Year Plan (1992–97)
The John W. Miller model served as the basis for the 8th Panchvarshiya Yojana. This scheme’s primary goal was to carry out development connected to the nation’s citizens. This program encouraged industry modernization. Its objectives included managing tourism, focusing on human resource development, building infrastructure, creating jobs, lowering poverty, and controlling population increase. Panchayats and Municipalities were introduced to the plan through decentralization. During this time, the Prime Minister Scheme was introduced.. This program was similarly effective; while the government had set a target of 5.6%, it rose by 6.8%.
Ninth Five Year Plan (1997–2002)
- It is considered ineffectual when applied to agriculture, as the sector grew at a rate of only 2.5 percent over this period.
Tenth Five Year Plan (2002–07)
This led to the adoption of the National Agricultural Policy-2000. This strategy places a strong emphasis on managing resources, including water and soil health. The agriculture sector’s yearly growth rate under this plan was 2.4%.
11th five year plan
Rangarajan served as the model for the plan. Its goal was to boost enrollment in postsecondary education, with a particular emphasis on IT institutes and distance learning. Faster and more inclusive development was its central idea. 2009 saw the introduction of the Right to Education Act, which became operative in 2010. This allowed youngsters between the ages of six and fourteen to get their free and obligatory education. During this time, three new citizen-benefiting initiatives were introduced: the Pradhan Mantri Adarsh Gram Yojana, the Aam Aadmi Bima Yojana, and the Rajiv Awas Yojana. The goal of this program was to clean up all rivers and waterways by 2009. The 8.1% objective was the plan’s aim, however it
12th Five Year Plan 2012-2017
In its vision document, the agriculture sector has set a growth rate target of 4%. This describes technology as the driving force behind agricultural growth, with a focus on research. This has emphasized the development of investment in the agriculture sector through public-private partnerships. The vision paper also included giving farmers’ access to millet and horticulture particular consideration.
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FAQs
Q: What number of five-year plans were created in the nation?
Ans: Twelve five-year plans were developed around the country. a suggested course of action after NITI Aayog’s presentation of the Twelfth Five Year Plan. It has resulted in the preparation of a 15-year vision paper.
Q: Who initiated the first five-year plan in India, and when did it begin?
Ans: In 1951, Jawaharlal Nehru, India’s first prime minister, created the country’s first five-year plan.
Q: Which five-year plan saw the greatest promotion of agricultural development?
Ans: A further push toward agricultural growth was made during the Third Five Year Plan.
Q: Which slogan was included in the Fifth Five Year Plan?
Ans: “”Eradicate Poverty” served as the Fifth Five Year Plan’s motto.
Q: Which five-year strategy has been the most effective?
Ans: We would like to inform you that the 11th five-year plan for the nation, which ran from 1 April 2007 to 31 March 2012, was the most successful.
Q: What is a five-year plan?
Ans: The Planning Commission and NITI Aayog carried out and implemented the Five Year Plan, which served as the foundation for economic planning in India.
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