five year plan Flashcards
Planning Commissions started on
15 March 1950
Planning Commission is a ____ body
advisory body
Planning Commission head
Prime Minister
Five Year Plans
idea → inspired by
Russia (then USSR)
how many Five Year Plans
12 Five Year Plans
Five Year Plans is replacedd by
NITI Aayog
First Five Year Plan
(1951-56)
First Five Year Plan (1951-56)
based on the
Harrod-Domar model
First Five Year Plan targeted in
agriculture, productions, irrigation, price stability, power, and transport
First Five Year Plan proved to be a successas
agriculture production increased dramatically
First Five Year Plan ____ growth rate
3.6% growth rate
Major dam projects of 5 year plan
Bhakra-Nangal, Hirakud and Mettur dam
First Five Year Plan
1956 → 5 IITs started
Second Five Year Plan
(1956-61
Second Five Year Plan (1956-61)
based on the
Mahalanobis model
rapid industrialization
Second Five Year Plan (1956-61)
Second Five Year Plan (1956-61) growth rate
target growth rate of this plan was 4.5%
the actual growth rate was 4.27%
Third Five Year Plan
(1961-66)
Third Five Year Plan stressed growth in
agriculture & industry
Gadgil Yojana
Third Five Year Plan
1st failure plan
Third Five Year Plan(1961-66)
3rd FYP failed to achieveits target due to
warswith China in 1962 and Pakistan in 1965 and bad monsoon
Third Five Year Plan TARGET RATE
target growth rate → 5.6%, but actual growth rate → 2.4%
Plan Holidays
(1966-69)