The Planning Commission was established in 1950 by the Government of India to promote equitable economic and social development. Its key responsibilities included assessing resources, formulating plans to utilize resources effectively, and determining priorities. The first Five-Year Plan was launched in 1951.
Over time, the Planning Commission guided several Five-Year Plans and the annual plans between them. The Plans aimed to achieve objectives like equitable growth, poverty alleviation, food security, employment generation, and self-reliance. Major sectors like agriculture, industry, education, health, rural development, and infrastructure received significant allocations to foster balanced development across the country.