The First Five Year Plan from 1951-1955 had total budget of 206.8 billion INR. Its objectives were to raise living standards and develop agriculture, energy, irrigation, industry, and social services. The plan achieved GDP growth of 3.6% per year, exceeding its target of 2.1%. The Second Five Year Plan from 1956-1961 aimed to increase national income by 25% and make India more industrialized. It achieved the establishment of 5 steel plants, increased coal and railway production, and land reforms. The Third Five Year Plan from 1961-1966 focused on agriculture, employment, equality, and decentralization through organizations like village councils.