Write a note of 5th five – year plan.

1.	Write a note of 5th five – year plan.
Answer» Duration – 1st April 1974 to 31st March 1978. Objectives: 1. Eradication of poverty. 2. Economic self dependence. Apart from these two, some other objectives were : 3. Increase in opportunities with increased production. 4. Consumers basic necessities such as education, health, family planning, nutrition were all addressed by national programs. 5. Social welfare. 6. Encouraging Agriculture related industries. 7. Public collection and distribution. Models: Three models were used in this plan: 1. Joint future plan. 2. Issued plan. 3. Utility Model. Financial arrangement: Proposed expenditure 37,250 crores. Achievements and Shortfalls: 1. Strengthening of economy 2. Increase in development rate, Agricultural area, food production were the objectives. 3. Increase in Industrial production Due to fiscal deficit economy, prices increased. Due to change in government, the five – year plan was ended one year earlier in 1978.

Answer»

Duration – 1st April 1974 to 31st March 1978.

Objectives:

1. Eradication of poverty.

2. Economic self dependence. Apart from these two, some other objectives were :

3. Increase in opportunities with increased production.

4. Consumers basic necessities such as education, health, family planning, nutrition were all addressed by national programs.

5. Social welfare.

6. Encouraging Agriculture related industries.

7. Public collection and distribution.

Models:

Three models were used in this plan:

1. Joint future plan.

2. Issued plan.

3. Utility Model.

Financial arrangement:

Proposed expenditure 37,250 crores.

Achievements and Shortfalls:

1. Strengthening of economy

2. Increase in development rate, Agricultural area, food production were the objectives.

3. Increase in Industrial production

Due to fiscal deficit economy, prices increased. Due to change in government, the five – year plan was ended one year earlier in 1978.

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