5 Year Plan in India

The Fourth Year Plan.

What is a 5 year Plan?

Theeconomy

of India is based in part

onplanning through itsfive-year plan, which are
developed, executed and monitored by
theplanning 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
theGadgil Formulain 1969.
Revised versions of the formula have been used
since then to determine the allocation of central
assistance for state plans.

Planning Commission.
ThePlanning commissionis an institution in theGovernment
of India, which formulatesIndias 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.

The Fourth Year Plan. (19691974)

At this timeIndira Gandhiwas

thePrime minister

of India.
The Indira Gandhi governmentnationalized14
major Indian banks and theGreen Revolution in
Indiaadvanced agriculture.
Funds earmarked for the industrial development
had to be diverted for the war effort. India also
performed theSmiling Buddha undergone
unclear test in 1974, partially in response to
the.United states of theseventh fleetin the Bay
of Bengal.
The fleet had been deployed to warn India
against attacking West Pakistanand extending
the war. Target Growth: 5.7% Actual Growth:
3.30%

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)

Gadgil Formula
TheGadgil

formulais due toD.R.

Gadgil, the social scientist and
the first critic of IndianPlanning.
It was evolved in 1969 for
determining the allocation of
central assistance for state plans
inIndia.
Gadgil formula was adopted for
distribution of plan assistance
duringFourth andfifth year plan

Objectives in Gadgil
Population
Formula.

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.

Green Revolution India.

The

introduction ofhigh yielding

varieties of seeds in India.and the
increased use
offertilizersandirrigationare known
collectively as theGreen revolution,
which provided the increase in
production needed to
makeIndiaself-sufficient in food
grains, thus improvingagriculture of
India.

Important Topic considered.

Approach

and Policy.
The long term perspective
Plan in outline .
Financing the plan
Foreign Trade.
Implementation.
Agriculture.
Animal Husbandry, Dairying, Fishing and forests..
Cooperation and community building.
Food and Nutrition
Irrigation and Flood Control.
Power.
Village and small Industries.
Industry and Minerals
Transport and Communication
Education & Manpower
Scientific Research
Health & Family Planning
Regional Development
Housing & water Supply
Social Welfare
Welfare & Development Of Backward Classes
Labor & Employment
Other Programmes.

Nationalized Bank.
Allahabad

bank.
Andhra Bank.
Bank of Baroda.
Bank of Maharashtra.
Canara bank.
Central Bank of India.
Corporation Bank.
Dena Bank.
Punjab National Bank.
UCO Bank.

THANK YOU!.
Information Collected From the
Following sources:Wikipedia.
Planningcommission.nic.in
Google For Images.