2. What is a 5 year Plan?
The economy of India is based in part
on planning through its five-year plan, which are
developed, executed and monitored by
the planning commission.
The tenth plan completed its term in March 2007
and the eleventh plan is currently underway.
Prior to the fourth plan, the allocation of state
resources was based on schematic patterns
rather than a transparent and objective
mechanism, which led to the adoption of
the Gadgil Formula in 1969.
Revised versions of the formula have been used
since then to determine the allocation of central
assistance for state plans.
3. Planning Commission.
The Planning commission is an institution in the Government
of India, which formulates India’s Five-year Plan, among other
functions.
Functions:- 1) To formulate a plan for the most effective and
balanced utilization of country's resources.
2) To define the stages, on the basis of priority, in which the
plan should be carried out and propose the allocation of
resources for the due completion of each stage.
3) To indicate the factors that tend to retard economic
development.
4) To determine the conditions which need to be established for
the successful execution of the plan within the incumbent
socio-political situation of the country.
5) To make necessary recommendations from time to time
regarding those things which are deemed necessary for
facilitating the execution of these functions.
4. The Fourth Year Plan. (1969–
1974) time Indira Gandhi was the Prime minister of
At this
India.
The Indira Gandhi government nationalized 14 major
Indian banks and the Green Revolution in
India advanced agriculture.
Funds earmarked for the industrial development had to
be diverted for the war effort. India also performed
the Smiling Buddha undergone unclear test in
1974, partially in response to the .United states of
the seventh fleet in the Bay of Bengal.
The fleet had been deployed to warn India against
attacking West Pakistan and extending the war. Target
Growth: 5.7% Actual Growth: 3.30%
5. Planning Commission of “4
YP”
INDIRA GANDHI Chairman
D.R. GADGIL Deputy Chairman
R. VENKATARAMAN Member
B. VENKATAPPIAH Member
PITAMBAR PANT Member
B.D. NAG CHAUDHURI Member
B.D. PANDE Secretary (August 1967 - February
1970)
A. MITRA Secretary (February 1970)
6. Gadgil Formula
The Gadgil formula is due to D.R.
Gadgil, the social scientist and the
first critic of Indian Planning.
It was evolved in 1969 for
determining the allocation of central
assistance for state plans in India.
Gadgil formula was adopted for
distribution of plan assistance
during Fourth and fifth year plan
7. Objectives in Gadgil
Formula.
Population
In India population acts as an apt measure to represent the
requirements of the people because a major portion of the
population lives below the poverty line.
Tax effort
This is an important factor to measure the potential of the state
as far as its own resources are concerned. This relative
measure incentivizes the states to undertake measures to
increase their own potential through various tax measures.
State per capita income
A problem regarding unequal development amongst the states
was faced in the earlier plans because of larger states with
their large plans were able to get a larger share of resources
from the centre. This led to increased inequalities amongst
the states.
Irrigation and power projects
These projects have been in the process of implementation
before the fourth plan was formulated.
8. Green Revolution India.
The introduction of high yielding varieties
of seeds in India. and the increased use
of fertilizers and irrigation are known
collectively as the Green revolution, which
provided the increase in production
needed to make India self-sufficient in
food grains, thus improving agriculture of
India.
9. Important Topic considered.
Approach and Policy. Village and small
The long term Industries.
perspective Industry and Minerals
Plan in outline . Transport and
Financing the plan Communication
Foreign Trade. Education & Manpower
Implementation. Scientific Research
Agriculture. Health & Family Planning
Animal Regional Development
Husbandry, Dairying, Fis Housing & water Supply
hing and forests.. Social Welfare
Cooperation and Welfare & Development
community building. Of Backward Classes
Food and Nutrition Labor & Employment
Irrigation and Flood Other Programmes.
Control.
Power.
10. Nationalized Bank.
Allahabad bank. Punjab National
Andhra Bank. Bank.
Bank of Baroda. UCO Bank.
Bank of Vijaya Bank.
Maharashtra. State Bank of
Canara bank. Bikaner.
Central Bank of Indian overseas
India. Bank.
Corporation Bank. Syndicate Bank.
Dena Bank.
11. THANK YOU!.
Information Collected From the
Following sources:-
Wikipedia.
Planningcommission.nic.in
Google For Images.
