Five Year Plans
The Planning Commission of India was a non-
constitutional and nonstatutory body, which
was responsible to formulate India’s five years
plans for social and economic development in
India.
By an executive resolution of the Government
of India, (i.e., the Union Cabinet) on the
recommendation of the Advisory Planning
Board which was constituted in 1946, under
the chairmanship of K.C. Neogi.
Planning Commission
Only an advisory body.
Established on 15th March 1950
PM of India is the Ex-officio chairman
The first five-year plan was started from 1951 to 1956
First chairman – JL Nehru
First deputy chairman - Guljarilal Nanda
The apex body gives final approval to a five-
year plan in India - National Development
Council.
National Development Council was
established on 6th August 1952.
NITI Aayog replaced the Planning Commission
from 1st January 2015.
Note - Formation of NITI AYOG was
announced in 15th August 2014
The five-year plans were formulated and were
financed by the central government.
3 breaks in five-year plans during 1966-69,
1978-80, and 1991-92.
Last five-year plan -12TH Five Year Plan
The concept of the five-year plan was borrowed from USSR.
Father of Indian Economic Planning - M. Vishweshwaraiah
The Chairman of NITI Aayog – PM Narendra Modi
The Vice-Chairman of NITI Aayog – Suman Bery
The CEO of NITI Aayog – Parameshwaran Iyer
NITI Aayog Headquarter - New Delhi
First Five Year Plan
Priority - Agriculture
1951-56
Based on the Harrod Domar model.
Economist K N Raj is known as the architect
of this plan
Family Planning Program ( 1952 ) – India 1st
Nation
Irrigation projects
1) Bhakra (Sutlej – Punjab & Himachal)
2) Hirakud (Mahanadi – Odisha)
3) Damodar Valley dams (West Bengal)
Gulzarilal Nanda was the Deputy Chairman Of Planning
Commission ( 1st ) & 1st Chairman – J.L Nehru
Second Five-Year Plan
1956-61
Based on Mahalanobis Model.
Its main focus was on the industrial
development of the country.
Durgapur Steel Plant ( W.B) - Britain
Rourkela Steel Plant ( Odisha ) - Germany
Bhilai Steel plant ( Chattisgarh ) - Russia.
Khadi and Village Industries
Commission – 1957
Mixed Economy
Third Five-Year Plan
1961-66
Also known as the Gadgil Yojana (Deputy
chairman of PC)
To make India a self-reliant and self-generating
economy
Sino-India conflict of 1962 and Indo-Pakistani war
of 1965 ( Failure Of Plan)
It was based on John Sandy and Sukhamoy
Chakraborty’s model.
1965 Agriculture Price Commission (
Commission for Agriculture Cost & Price )
1965 –FCI
In 1964, the Bokaro Iron and Steel Plant
( Jharkhand) was set up with the help of
the Russian Government.
Facts
The term green revolution was first used by William
Gaud and Norman Borlaug is the Father of the Green
Revolution.
In the year 1965, the government of India launched
the Green Revolution with the help of a geneticist,
now known as the father of the Green revolution
(India) M.S. Swaminathan.
Plan Holidays - 1966-69
There were three annual plans between 1966 and 1969.
Main reason was war (Indo-Pakistan - China), Inflation, and
the severe drought.
During this plan, annual plans were made and equal
priority was given to agriculture its allied sectors and
the industry sector.
In a bid to increase the exports in the country, the
government declared devaluation of the rupee.
Fourth Five-Year Plan
1969-74
Based on the Ashok Rudra
Menon model.
Objective of 'growth with
stability and progressive
achievement of self-reliance‘
1970 – NPT
1971 – Bangladesh Independent
1969 – 14 Banks Nationalised
1974 – First Underground Nuclear Test
( Smiling Buddha)
Fifth Five-Year Plan
1974 to 1978
Model – DP Dhar
Focussed on Garibi Hatao, employment,
justice, agricultural production & defense.
This plan was terminated in 1978 by the
newly elected Moraji Desai government.
During this plan period, the slogan of Garibi
Hatao was given
1974 - The Minimum Needs Programme (MNP)
Twenty-point program was launched in 1975
2nd Oct 1975 – RRB
1977 -78 – Food For Work Program
A-352 – National Emergency ( Internal Disturbance
Grounds)
Rolling Plan (1978–1980)
The main advantage of the rolling plans was
that they were flexible and were able to
overcome the rigidity of fixed Five-Year Plans
by mending targets, the object of the exercise,
projections and allocations as per the
changing conditions in the country’s economy.
Sixth Plan (1980–1985)
Its duration was from 1980 to 1985, under the
leadership of Indira Gandhi.
The basic objective of this plan was economic
liberalization by eradicating poverty &
Generating Employment and achieving
technological self-reliance.
1980 – 6 Banks Nationalised
The National Bank for Agriculture and Rural
Development (NABARD) was established for
development of rural areas on 12 July 1982 by
recommendation of the Shivaraman Committee.
1982- EXIM Bank
Indira Gandhi Death
Visakhapatnam Steel Plant (Andhra Pradesh), Salem
(TamilNadu) and Bhadravathi Steel
Plants (Visvesvaraya Iron and Steel Plant
Karnataka) were built.
Seventh Five-Year Plan
1985-1990
Model – Community Wage Model
The main objectives of the Seventh Five-
Year Plan were to establish growth in areas
of increasing economic productivity,
production of food grains, and generating
employment through “Social Justice”.
The Blue Revolution was first launched in India
as the 'Nili Kranti Mission‘( Promote fisheries )
1988 – SEBI , 1992 – SEBI Statutory Body
1989- Jawahar Rozgar Yogana
For the first time, the private sector got
priority over the public sector.
Annual Plans (1990–1992)
The Eighth Plan could not take off in
1990 due to the fast changing economic
situation at the centre and the years
1990–91 and 1991–92 were treated as
Annual Plans.
Eighth Plan (1992–1997)
Leadership of P.V. Narasimha Rao.
Model – John W Miller
During this plan, Narasimha Rao Govt.
launched the New Economic Policy of India.
( LPG Reforms)
In this plan, the top priority was given to the
development of human resources i.e.
employment, education, and public health.
1st Jan 1995 – WTO ( India Member)
1995 – Mid Day Meal Scheme
Ninth Plan (1997–2002)
Leadership of Atal Bihari Vajpayee.
The main focus of this plan was “Growth with
Social Justice and Equality”.
It was launched in the 50th year of
independence of India.
1998 – Pokharan 2 (Nuclear Test)
1999 – Kargil War
Tenth Plan (2002–2007)
Its duration was from 2002 to 2007,
under the leadership of Atal Bihari
Vajpayee and Manmohan Singh.
Objective - Eradicate Poverty &
Unemployment
Eleventh Five-Year Plan
Its duration was from 2007 to 2012, under
the leadership of Manmohan Singh.
It was prepared by the C. Rangarajan.
Theme: Towards faster and more inclusive
growth
Twelfth Five Year Plan
2012-17
"Faster, more inclusive and Sustainable
Growth"
Last Plan
Teligram:SSC PREPARATIONS
