Panchwarsiya Yojana: Everything You Should Know About 5 Year Plan

Panchwarsiya Yojana: Plans were out by the government for the next five years, with the goal of boosting the economy and ensuring that all citizens have access to the most fundamental amenities by optimising the utilisation of the resources already present in the nation. is being carried out. The five-year plans that are managed by the central government are integrated national economic programmes. It is via these plans that the government is able to secure the continued economic growth of the nation. The government of India has carried out the initiatives outlined in a total of thirteen different five-year plans.

In the post that you are about to read, we are going to answer the question, “What is the Five Year Plan?” Through reading this article, you will also gain an understanding of the goals and outcomes of the strategies that have been put into place up to this point. This article (Panchwarsiya Yojana) will not only increase your knowledge about the economy of the country, but it will also be of equal use to candidates who are preparing to take competitive examinations.

Questions from five-year plans (Panchwarsiya Yojana) are frequently asked in examinations, and in such a situation, this article will not only increase your knowledge about the economy of the country, but it will also increase your knowledge about the five-year plans.

What Do You Mean By (Panchwarsiya Yojana) The Five-Year Plan?

The government develops its plans on the basis of the Five Year Plan, which is the plan that is established by the government for the functioning of the country’s economy over the course of five years. In addition to this, appropriations from the budget are made by the government in order to carry out these projects. The government creates programmes in the five year plan (Panchwarsiya Yojana) with all of the aspects of the economy, including education, health care, infrastructure, employment, industries, and all other areas of the economy, in mind. These are the aspects of the economy that the government will work on during the course of the next five years.

Panchwarsiya Yojana
Panchwarsiya Yojana

In layman’s terms, the term “five year plan” refers to a blueprint that the government has developed for the next five years. Within this blueprint, the government establishes goals for each and every sector of the economy, as well as a budget and programmes that are designed to help achieve those goals. Planned over a period of five years, these long-term (Panchwarsiya Yojana) endeavours aim to improve a nation’s standard of living while simultaneously boosting economic growth and making it possible for the country to compete more effectively on the global stage.

Panchwarsiya Yojana – Related Information And Background Details

Candidates should take note that in this section, we are going to inform you about some specific facts related to the Panchwarsiya Yojana Bharat. Information regarding this topic can be found in the table that is provided below. The following is how this table looks:

Nomenclature Of The SchemePanchwarsiya Yojana (Five Year Plans)
Began WithThe Central Administrative Body Of India
The Start Of The First Five-Year Strategic PlanThe 8th of July
Comprehensive Five-Year Strategy13
The Establishment Of Planning Committee15 March 1950
Setting Up Of NITI Aayog1 January 2015
The Purposes & AdvantagesCreating new employment opportunities and fostering agricultural growth, so giving the economy new life.
BeneficiariesPeople from every group (General, Reserved, Scheduled Castes)
GradeGovernment Programmes
Outdated Web
Panchwarsiya Yojana – Five Years Plan

Let us also notify you with the following piece of information: In 1928, English ruler Joseph Stalin put into effect the first five-year plan in the Soviet Union.

Some Other Details Of Panchwarsiya Yojana

During the time that Prime Minister Manmohan Singh was in office, India’s first steps toward implementing its Five Year Plan were taken. On July 8, 1951, the nation’s first Prime Minister, Pandit Jawaharlal Nehru, delivered a presentation to the Parliament detailing the first five-year plan (Panchwarsiya Yojana) for the country. Important choices were made by Jawaharlal Nehru ji with the economic well-being of the people and their potential for growth in mind. The issue of a continuing lack of food grains, dams, and irrigation was a major source of concern for the population at the time that this project was being developed, which is why the agricultural sector received a significant amount of the project’s focus and attention.

The first five-year plan (Panchwarsiya Yojana) was extremely significant due to the fact that, following the achievement of our nation’s independence, it was this plan that gave a wave of happiness to all of the people and, as a result, made it possible for the nation to advance.

Panchwarsiya Yojana: An Overview of Its Key Features

  • Jawaharlal Nehru, who was the Prime Minister of India at the time, came up with the idea for this programme and introduced it on July 8th, 1951.
  • On March 15, 1950, the Planning Commission was established in order to carry out the five-year plans that had been developed.
  • This programme will operate for five years in order to facilitate the growth of the nation; after that, the government will devise other programmes to run for the subsequent five years.
  • The primary goals of (Panchwarsiya Yojana) the initiative are to end poverty throughout the nation, to increase the number of job possibilities available to the populace, to foster individual and national self-reliance, and to grow the economy of the country.
  • In order to enhance not just the economic situation of the country but also the way of life of the people who live there, improvements and changes will need to be made.
  • There have been a total of 13 iterations of the Five Year Plan (Panchwarsiya Yojana) carried out in the country.
  • There will be no preparation of the Thirteenth Five Year Plan. NITI Aayog has provided a draught of an action plan following the presentation of the twelfth five-year plan. wherein a document outlining the long-term vision for the next 15 years has been developed. wherein a plan for the next seven years has been developed.

Plan For The First Five Years (1951-1956)

In 1951, Prime Minister Jawaharlal Nehru initiated the country’s very first five-year plan (Panchwarsiya Yojana) for the nation’s development. Since this was a time when the nation had just recently achieved its independence, the focus of the government was initially directed toward meeting the most fundamental requirement of the populace, which was the acquisition of food grains. Within the framework of this plan, special arrangements were made by the government to boost the agriculture sector. Additionally, the government launched programmes to encourage companies that are closely tied to agriculture. A total of 2,069 billion rupees was allocated for the first five-year plan’s budget.

The Initial Five-Year Plan’s Goals:

  • To become independent in the production of food grains through the expansion of the agricultural industry.
  • A solution to the problem of refugees that has arisen as a result of the partitioning of the country.
  • In order to eliminate the detrimental effects (Panchwarsiya Yojana) that colonial control had on the economy.
  • Prevailing over the economic turmoil brought on by the Second World War.

Results Attained In Accordance With The First Five-Year Plan:

  • The administration had projected a growth rate of 2.1 percent for the economy, but the country ended up achieving a growth rate of 3.6 percent instead.
  • Construction of the Dams (Panchwarsiya Yojana) in the Valleys of Bhakra, Hirakud, and Damodar.
  • The first five Indian Institutes of Technology were created.
  • In order to encourage students to pursue higher education, the University Grants Commission (UCG) was established.

Plan Two For The Next Five Years (1956-1961)

In the year 1956, the government of India initiated the Second Five Year Plan, which was based on a model developed by the well-known Indian economist Prasanta Chandra Mahalanobis. In honour of Mahalanobis, the second five-year plan (Panchwarsiya Yojana) was also given the moniker “Mahalanobis model.” The plan placed a strong emphasis on the rapid industrialization of the public sector as well as its overall development.

Aims That Have Been Outlined In The Second Five-Year Plan:

  • Under the plan, the growth rate of 4.5 percent has been established as the target.
  • Developing additional sources of electricity and water for agriculture.
  • Achieving a balance (Panchwarsiya Yojana) in payments made in foreign currency.
  • Enhancing the quality of the public facilities available to the community.

Results Attained In Accordance With The Second Five-Year Plan:

  • In comparison to the growth rate of 4.5 percent that was predetermined by the government, a growth rate of 4.27 percent might be achievable.
  • The cities of Bhilai, Durgapur, and Rourkela stand out (Panchwarsiya Yojana) among the others among the five steel factories that were established in the country with the assistance of countries that are friendly with the United States.
  • The Atomic Energy Commission of India was established on this date.

The Third Five-Year Strategic Plan (1961-1966)

Beginning in 1961, work on the Third Five-Year Plan got under way. Due to the fact that the country was in the midst of a period of great upheaval from 1961 to 1966, the government’s five-year plans (Panchwarsiya Yojana) were designed in accordance with the necessities of the time. During this time, the nation was subjected to an invasion by the Chinese in the year 1962 and an attack that was sponsored by Pakistan in the year 1965; consequently, the nation focused a lot of its attention on the defence industry.

In addition to this (Panchwarsiya Yojana), the country was ravaged by a devastating drought in the year 1965, which is what prompted the government to focus its attention on the nation’s food supply.

Tritiya’s Five-Year Plan goals:

  • Reaching a growth rate of 5.6% throughout the course of the year.
  • Increasing the level of preparedness of the nation’s armed forces.
  • To achieve self-sufficiency (Panchwarsiya Yojana) in the production of food grains, particularly wheat and cereals, as a primary focus.
  • Bring down the inflation rate.

Objectives Attained In Accordance With The Tritiya Five Year Plan:

  • The nation was only able to reach a growth rate of 2.4 percent because of the (Panchwarsiya Yojana) challenges it faced economically.
  • The industrial sector will see the establishment of cement mills, fertiliser factories, and steel factories.
  • In the country, the elections for the panchayats have begun.

Panchwarsiya Yojana – Planned Holiday (1966-1969)

Both the conflict in Indo-China in 1962 and the invasion of Pakistan in 1965 caused the country to experience severe economic hardships. As a direct consequence of this, the (Panchwarsiya Yojana) administration was unable to achieve the level of success anticipated from the Tritiya Five Year Plan. For this reason, the government was forced to replace its five-year plans with annual plans for three consecutive years beginning in 1966–1967, continuing through 1967–1968, and ending in 1968–1969. These years were referred to as “Plan Holidays.” The emphasis was placed on the steps that the administration had done to both combat the issue of drought and bring inflation under control.

Plan for the Fourth Five-Year Period (1969-1974)

The Prime Minister, Smt. Indira Gandhi, was responsible for initiating the Fourth Five-Year Plan (Panchwarsiya Yojana) while she was in office. The Gadgil model, developed by famous economist and social scientist Dhananjay Ramchandra Gadgil, served as the basis for the beginning of the scheme.

The objectives outlined in the Fourth Five-Year Plan:

  • Reaching a growth rate of 5.6% throughout the course of the year.
  • Bringing about (Panchwarsiya Yojana) a state of equilibrium in the economy.
  • Becoming Self Dependent in Food and Defense.

The Goals That Were Met During The Fourth Five-Year Plan Period:

  • A growth rate of 3.3 percent for the economy was accomplished.
  • The government took control of 14 of the largest banks.
  • A movement known as the Green Revolution was initiated in the country in order to increase grain production and implement modern farming practises.

1974–1979: The Fifth Five-Year Plan (Panchwarsiya Yojana)

1974 marked the commencement of China’s fifth five-year plan. The government defined employment and poverty eradication as the primary goals of this initiative. In addition, the government set aside funds to help the country become self-sufficient in the agricultural and defence sectors. The administration rolled out a 20-point plan as part of this programme.

The Objectives Outlined In The Fifth Five-Year Plan:

  • Reaching a growth rate of 4.4 percent throughout the course of the year.
  • In order for the country to reach a level of self-sufficiency in the areas of agriculture and defence.
  • Increasing the number (Panchwarsiya Yojana) of work options available to the population.

Achieved Objectives Of The Fifth Five-Year Plan:

  • We were able to attain a growth rate of 4.8 percent.
  • The government has made changes to the Electricity Amount Act in order to ensure that citizens have access to an adequate supply of electricity.
  • Roads and highways were constructed, and efforts were made to market tourism.
  • Launch of the Minimum Needs Program for families that are struggling economically.

Panchwarsiya Yojana – Rolling Plan (1978–1980)

The general election in 1978 resulted in a loss for Prime Minister Indira Gandhi. In light of this circumstance, the Janata Party government began implementing the brand new Sixth Five Year Plan in the year 1968. In light of this, the administration of the Janata Party initiated five-year plans while keeping both the immediate and the long-term requirements in mind. In 1980, when this plan (Panchwarsiya Yojana) was being implemented, the Congress administration decided to scrap it and begin implementing the five-year plans all over again.

The Sixth Five-Year Plan (1980-1985)

1980 marked the beginning of the Sixth Five Year Plan, which was initiated in that year. The government devised this plan with the intention of boosting the economy and elevating the general level of life for the population as a whole. In addition to this, the required (Panchwarsiya Yojana) steps were taken to regulate the number of people in the area.

The Scheme’s Primary Goals And Accomplishments:

  • During the course of this project, NABARD Bank was founded.
  • The provision of employment opportunities for the local populace was a primary focus.
  • The reduction (Panchwarsiya Yojana) of poverty and the promotion of economic growth were its top priorities.
  • The nation started down the path toward economic freedom.
  • In conjunction with this approach, family planning efforts were also initiated.

The Seventh Five Year Plan (1985-1990)

Under Rajiv Gandhi’s leadership as Prime Minister, the Seventh Five-Year Plan (Panchwarsiya Yojana) was launched in 1985. In this plan, the government included provisions to encourage the employment of new technology in industries and to increase production. Additionally, attempts were undertaken to create new jobs in the community through social justice.

The Principal, Aims And Duties Carried Out Within The Scheme:

  • There will be new career options available.
  • In accordance with the scheme, the tagline “food, work, and production” was provided.
  • The advancement of the villagers was the focus of the work that was done.
  • There were a lot of different plans developed to get through to the folks working in social services.
  • The efforts (Panchwarsiya Yojana) being put in to make the economy more stronger carried on.
  • The new programme and policies are the primary focuses here.

Plan For The Eighth Five-Year Period (1992-1997)

The year 1991 saw the beginning of work on the Eighth Five-Year Plan. The economy of the country was liberalised during the years 1990-1991, which resulted in a rapid expansion of the economy of the country. The government placed a strong emphasis on liberalisation, privatisation, and globalisation throughout its policies. The business sector (Panchwarsiya Yojana) was also provided with an opportunity to participate as a result of this. Additionally, for the first first time, consideration was given to the resources available for human development.

Principal, Objectives And Duties Of The Plan:

  • The education system was given the highest emphasis.
  • The advancement of humanity became its primary objective.
  • Make an effort to boost the population.
  • Getting rid of juvenile (Panchwarsiya Yojana) delinquency among people aged 15 to 35 years old
  • The establishment of institutions in order to further the growth of the nation.
  • Increasing the efficiency of irrigation, energy, and transportation as part of the plan.
  • To strengthen the foundation of Panchayat Raj, Municipality, and Human Resources, a policy was developed and implemented.

The Ninth Five Year Plan For The Years 1997-2002 (Based on Input-Output Model)

1997 marked the beginning of the Ninth Five Year Plan, which was initiated under the tenure of Atal Bihari Vajpayee as Prime Minister. The plan (Panchwarsiya Yojana) called for the government to focus its attention on a number of different economic sub-sectors, and it also called for budgetary provisions to be made in order to boost the economy in rural areas.

Principal, Goals And Duties Carried Out Under The Plan:

  • The plan’s goals are to (Panchwarsiya Yojana) put an end to poverty, achieve self-sufficiency through the use of resources found inside the country, and provide new employment possibilities.
  • The growth of the country’s economy was the government’s top focus.
  • Utilising primary institutions in a reasonable and appropriate manner.
  • It is important to place more emphasis on rural areas.

Tenth Five Year Plan (2002–2007)

2002 marked the beginning of the tenth iteration of the country’s five-year development strategy. The government’s primary focuses (Panchwarsiya Yojana) in this endeavour were on the areas of education, health, and employment. In tandem with this objective, the goal of completely doing away with poverty by the time the plan was completed was also established.

Main Objectives and tasks done under the scheme:

  • In order to help people in less developed areas become self-sufficient, work opportunities were provided to them.
  • In 2007, elementary education achieved the highest ranking.
  • To this point, the five-year plans (Panchwarsiya Yojana) have focused the majority of their attention and resources on increasing agricultural production and energy spending respectively.

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