Panchvarshiya Yojana 2024 Five Year Plan of India in Hindi Check Here

Panchvarshiya Yojana is initiated by the central government for every five years for economic and social change for the citizens of the nation. 05 Year Plans are integrated and centralized national economic programmes. Thus far 12th Panchvarshiya Scheme has been provided under this Government scheme.

Five Year Plan Of India

Under this Panchvarshiya scheme, services are being offered for agricultural change in the nation, offering employment chances, exceeding productivity by utilizing human and physical resources, etc. Dear friends, today we are going to offer you all the details regarding the scheme with the help of this page, thus read this article till the last.

Panchvarshiya Yojana

Panchvarshiya Yojana 2024 – Overview

Name of the SchemeFive Year Plan
Started ByThe Government of India
beneficiaryPeople of India
Perspectivemodify the nation
CategorySarkari Yojana

History of Panchvarshiya Scheme 2024

On 9 July 1951, the first Prime Minister of India Jawaharlal Nehru provided the 1st Panchvarshiya Yojana in the Parliament. 5 Year Plans was a formal model of schemes embraced by the Government of India after independence for affective and balanced utilize of resources. The Planning Commission of India was comprised on 15 March 1950 to manage the Five Year Plans.

Benefits and Features of Five Year Plans

  • The Planning Commission of India was established on 15 March 1950 to organize these five year plans.
  • Under the 05 year plans, a few plans are run for 5 years thus that the nation may develop and then new schemes are created for the next 5 years.
  • Five Year Plans were provided by the 1st Prime Minister of India Jawaharlal Nehru on 9 July 1951.
  • Funding is also taught with the help of the Five Year Plans.
  • With the help of the these schemes, attention is also paid towards social justice, Pune employment, poverty removal, modernization etc.

Panchvarshiya Scheme

The main motive of these Panchvarshiya Yojana is complete assignment of resources, exceed in production and to offer employment chances to everyone. with the assistance of these yojanas, the Planning Commission was allotted with the responsibility of lifting the quality of living of all the people of the nation. Thus, far thirteen five year plans have been utilized in India.If you are looking to get the details about the Panchvarshiya Yojana 2024, then you can see this article carefully. In this article, we are sharing the detailed information related to Panchvarshiya Scheme 2024.

First Panchvarshiya Scheme (1951-1956)

The 1st Panchvarshiya Scheme was initiated by the first Prime Minister of our nation Pandit Jawaharlal Nehru in the year 1951 and the ownership of this scheme lasted up to 1956. It is the national scheme of India which is changed and utilized by the Planning Commission under the chairmanship of the Prime Minister. In the 1st Five Year Plan, special emphasis was placed on the agriculture sector because at the time of that period the shortage of food grains was a happening of serious concern. The foundation stone of five steel plants was put at the time of this five year plan.

Second Panchvarshiya Yojana (1956 -1961)

The duration of this scheme ended from 1956 to 1961. The concentrate was on industry under this scheme. Domestic production of industrial products was cheered in the 2nd plan. Under this scheme, the focus was considered by the government to exceed the national income by 25% in 5 years to raise the quality of living of the citizen of the nation. The 2nd 05 Year Plan strived to create optimum allocation of investments among productive sectors in a prescribed sequence to maximize long-run economic development.

Third Five Year Plan (1961-1966)

Under this scheme, the government aimed on changing agriculture and production of the wheat. But the brief Sino-Indian War of 1962 revealed weaknesses in the economy and moved attention to the defense industry. The duration of this scheme ended from 1961 to 1966. Many cement and fertilizer plants were also constructed under this scheme and big production of wheat was initiated in Punjab. To encourage agriculture and wheat production in the nation under this government scheme.

Fourth Panchvarshiya Scheme (1969-1974)

This fourth panchvarshiya scheme was initiated in the year 1969. The tenure of this scheme ended from 1969 to 1974. Indira Gandhi was the Prime Minister during the introduction of the 4th Five Year Plans. Under the 4th Five Year Plan, Prime Minister Indira Gandhi’s government communication 14 major Indian banks and the Green Revolution changed the agriculture. At the time of the 1971 election, Indira Gandhi provided the slogan ‘Garibi Hatao’. Investments set aside for industrial change were sent to the war effort.

Fifth Five Year Plan (1974 – 1979)

Under 5th Panchvarshiya Scheme, protection was forground, and self-reliance in agricultural production. Regional Rural Bank was started on 2 October 1975. Under this scheme, social, economic and regional inequality was to be removed and poverty allay along with attaining self-reliance.

6th Panchvarshiya Yojana (1980-1985)

This sixth government scheme of five years has been initiated for economic liberalization. The term of the 6th Five- Year Plan ended from 1980 to 1985. The 6th Five-Year Plan has been ready again. To get the more details about this scheme, you may refer to the official links as shown below.

7th Five Year Plan (1985-1990)

This sarkari yojana was initiated to exceed production in India and to make employment chances. Indira Awas Scheme (1985-86), Nehru Rozgar Yojana (1989), and Jawahar Rozgar Yojana (1989) were utilized in the 7th Five Year Plan .

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8th Five Year Plan (1992-1997)

Under the 8th Five Year Scheme, the highest preferability in the nation was provided to ‘development of human resource’, employment or education and public health. To change education under this government scheme. Under the 8th Panchvarshiya Yojana, the gradual starting up of the Indian economy was changed by rapidly exceeding foreign and deficits debt.

Ninth Panchvarshiya Yojana (1997-2002)

The tenure of this 9th Panchvarshiya Scheme ended from 1997 to 2002. With the help of this scheme, this yojana was initiated to complete and satisfy all the goals such as human development, full-scale employment, poverty reduction, rapid industrialization, and self-reliance on domestic resources. Under this new 05 year plan ‘Swarna Jayanti Shahari Rozgar Yojana, Swarna Jayanti Gram Swarozgar Yojana, Jawahar Gram Samridhi Yojana, and Pradhan Mantri Gramodaya Yojana’ were involved.

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Tenth Panchvarshiya Scheme (2002-2007)

Under this government scheme, profitable and high standard employment was offered in extra to the labor force by removing the poverty ratio by 5 percentage points by the year 2007. Under this 10th five year scheme, more change was completed in those areas of the nation where employment chances were provided.

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Eleventh Panchvarshiya Yojana (2007 -2012 )

This government scheme was initiated on 1st April 2007. The duration of the Eleventh 05 year plan lasted from 2007 to 31 March 2012. The main aim of this scheme was rapid and inclusive development. The total budget of the State’s 05 Year Plans has been accepted by the Planning Commission at Rs 71731.98 crore. Ingress to electricity to the citizen living below poverty in rural locations.

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12th Panchvarshiya Yojana (2012 -2017 )

12th Panchvarshiya Scheme was initiated on 01 April 2012. Under this scheme, the Planning Commission has fix an aim of getting an economic development rate of 10% per annum in the 12th Five Year Plan from April 01, 2012 to March 31, 2017. The crisis of the global economic has also impacted by the Indian economy.

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Important Links:

Panchvarshiya Yojana Official Website: Click Here
Our Website (Main Page):Click Here


What is the Panchvarshiya Yojana?

The Panchvarshiya Yojana is the foundation of India's economic planning, which is formulated and implemented by the Planning Commission and the Policy Commission.

How many Panchvarshiya Yojanas have been made in the country so far?

Currently, there have been a total of 12 Panchvarshiya Yojanas in India. After the 12th Panchvarshiya Yojana, the Niti Aayog presented a draft action plan, which includes a 15-year Long-Term Vision Document and a 7-year strategy. A Three Year Action Agenda will also be presented.

Which five-year plan is currently running?

There is currently no active five-year plan in India. The Indian government had discontinued the five-year plans in 2015. Instead, the government established the NITI Aayog, which formulates policies and plans for national development. The NITI Aayog has prepared policies and plans for social and economic development goals.

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