Current Affairs 1 November, 2021 Current Affairs 29 October, 2021 Current Affairs 28 October, 2021
Planning Commission (1951- 2014) was set up on March 15, 1950. The Five year plan system was borrowed from Russia by Former Prime Minister Jawaharlal Nehru. From Jan 1, 2015 the planning commission was replaced by Niti Aayog. The first five-year plan in India was launched in 1951. India had launched 12th five-year plans in 2012-17. Now the concept of the five-year plan is stopped by the Government of India. List of all Five Year Plans of India is very important for all types of competitive exams to be held in India. 1. First Five Year Plan: 1. It was made for the duration of 1951 to 1956. II. It was based on the Harrod-Domar model. III. Its main focus was on the agricultural development of the country. IV. This plan was successful and achieved growth rate of 3.6% (more than its target) 2. Second Five Year Plan: I. It was made for the duration of 1956 to 1961. II. It was based on the P.C. Mahalanobis Model. III. Its main focus was on the industrial development of the country. IV.