About Planning Commission of India
M. Bisweshsaraia makes an outline of Planning before the Independence of India. Then the first planning commission established on March of 1950. It gets successfully works at 1951. The first chairman of planning commission was Jawaharlal Nehru. The whole five year planning system of India is taken from Soviet Russia.
Planning Commission is an extra constitutional act. The final decision about five years planning will be made by National Development Authority. The first vice chairman of five years planning was V. T. Krishnamachari.
Five Years Plan of India
1st five years Plan: The duration of first 5 years plan was April of 1951 to March of 1956. It is the most successful plan till now.
2nd five years Plan: The duration of second 5 years plan was April of 1956 to March of 1961. The purpose of the second 5 years plan was to develop larger industries. At the time of first and second 5 years planning Jawaharlal Nehru was the prime minister of India.
3rd five years Plan: The duration of Third 5 years plan was between April of 1961 and March of 1966. Due to India-pak war and India-china war the third 5 years plan not getting effective. So, a decision of annual plan was taken, and it is known as plan holding. To get rid of Balance of Payment in third plan devaluation of currencies was happened.
4th five years Plan: The duration of Fourth 5 years plan was between April of 1969 and March of 1974. The purpose of fourth plan was self-dependency and sufficient food supply.
5th five years Plan: The duration of fifth 5 years plan was April of 1974 to march of 1978. Fifth 5 years plan is known as peoples plan. First Minimum needs programme started at 5th plan.
6th five years Plan: The duration of sixth 5 years plan was of 1980 to 1985. To decrease poverty IRDP (Integrated Rural Development Programme), DRDP (Drought Prone Area Programme), TRYSEM (Training of Rural Youths for Self Employment).
|Indian Five Years Plan -Chairperson and Duration|
|Duration of Year||Plan||Head of the planning|
|1961-1966||3rd||Jawaharlal Nehru + Lal Bahadur Shastri|
|1966-1969||Plan Holiday||Indira Gandhi|
|1978-1979||Rolling Plan||Morarji Desai + Charan Singh|
|1992-1997||8th||P. V. Narasimha Rao|
|1997-2002||9th||Atal Bihari Vajpayee|
|2002-2007||10th||Atal Bihari Vajpayee|