Veto q&a 7 Month22 (1)

2018
June
Varun
fiVe year pLanS
fiVe year pLan year iMportant factS
• Prime Minister - Jawaharlal Nehru
• Harrod Domer Model
First Five Year Plan 1951-1956
• Highest priority to Agriculture
• Bhakra-Nangal, Hirakud, Damodar Valley and Mettur Projects
were launched
• UGC established
• Preamble of the first five year plan prepared by K.N.Raj
• Prime Minister - Jawaharlal Nehru
Second Five Year Plan 1956-’61
Third Five Year Plan 1961-’66
Annual Plans 1966-’69
• Mahalanobis model
• Highest Priority to Industrial Development and Reduction of
Unemployment
• Panchayati Raj system introduced
• Gadgil Yojana
• Highest priority to establishment of Self Reliance and Self
Generating Economy
• Devaluation of Indian currency was done for the first time
during this period
• Also known as Plan Holiday
• Prime Minister - Indira Gandhi
• Highest priority to Agriculture and Industry
Fourth Five Year Plan 1969-’74
• Based on Gadgil model
• Nationalization of Banks (1969)
• Operation Flood (1970) was introduced
• Highest priority to Self Employment and Poverty Alleviation
Fifth Five Year Plan 1974-’78
• Based on D.D.Dhar Model
• Indira Gandhi raised the slogan ‘Garibi Hatao’ during this period
Q&A Bonus
• Twenty point programme launched
The first Indian member of Viceroy’s Executive Council - S.p. Sinha
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