Friday, December 5, 2008

First Five Year Plan India (1951-1956)

The first five year plan India (1951-1956) had been presented by the then Prime Minister Jawaharlal Nehru in the Indian Parliament on 8th December, 1951.

The first five year plan had been made by the planning commission whose objective was to improve the standard of living of the people by effective use of the country's resources. In India, the first five year plan's total outlay was estimated to been worth Rs. 2,069 crore. In the first five year plan, this amount was allocated to various areas. They are:
• Community and agriculture development
• Energy and irrigation
• Communications and transport
• Industry
• Land rehabilitation
• Social services
The target of GDP growth in the first five year plan of India was 2.1% per year and the actual growth of GDP that was achieved had been 3.6% per year. This shows the extent to which the first five year plan in India had been successful. During the period of India first five year plan, many projects related to irrigation had been started, such as the Mettur Dam, Bhakra Dam, and Hirakud Dam.

In the first five year plan of India, provisions have been made for the rehabilitation of agricultural workers who were landless. Apart from that financial allocation was also made for conservation of soil, experiments, and training in co-operative organizations. Increased provisions have also been made for the improvement of roads, civil aviation, railways, telegraphs, and posts. For the development of the basic industry which includes the manufacture of fertilizers and electrical equipment, provisions have been made in the Indian first five year plan. Emphasis has also been given to small scale and village industries in the Indian plan of first five years. First five year plan in India had improved the living condition of the people of the country and is of historical importance. Outlay: The total proposed outlay was Rs. 3,870 crore.

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