List of all five years plan from First to Twelfth Year of India
First Five Year Plan (1951 – 56)
The First Five-year plan was very crucial for India because it started post independence of India. It was a great responsibility of Indian leaders to create a healthy economy. Indian economy was based on agriculture but Industrial development was the vital part to accelerate the economy. Government welfare schemes were essential on that situation but the contribution of the private sector was also an immediate requirement. That’s why Indian think tank adopted the Mixed Economy for India.
Second Five Year Plan (1956-61)
The Second Five Year Plan was based on the P C Mahalanobis development model. The development of heavy industries was given priority in this scheme. Several important industries such as Rourkela, Bhilai, Durgapur Steel Plant have been set up during this period. The second Five Year Plan failed to achieve the development target.
Third Five Year Plan (1961-66)
The Third Five Year plan was based on John Sandy and S. Chakraborty’s development model. The purpose of this scheme was to create a self-dependent and self-sufficient economy. In the third Five Year Plan, the priority of development of agriculture was given priority. In this period, in the year 1964, the Bokaro Iron and Steel Industry was established in collaboration with Russia.
Achievement is 2.72% annually compared to the target of 5.6% in this scheme. The Third Five-Year Plan was completely unsuccessful, mainly due to the India-China war of 1962, the Indo-Pak war of 1965 and the fate of 1965-66.
Fourth Five Year Plan (1969-74)
The fourth five-year plan was based on Alan Manne and Ashok RudraVikas Model. The objective of the Fourth Five Year Plan was to develop with stability. During this period, the central government introduced “employment guarantee scheme” in 1972-73. During this era, Mrs. Indira Gandhi gave a slogan “GaribiHatao” for eradicating poverty. On July 20, 1969, the then Prime Minister Indira Gandhi nationalized 14 banks. In the fourth five year plan period, the achievement is just 2.05% compared to the annual target of 5.7%. Fourth Five Year Plan was total unsuccessful, which was caused by adverse weather adversity.
This scheme was based on the D P Dhar Development Model. The main objective of this scheme was to achieve poverty eradication and self-reliant economy. In this scheme, the Central Government started the “AntyodayaYojana” in 1977. “Regional Rural Bank” was established on 2 October 1975. The Fifth Five Year Plan was a successful scheme, wherein achievement was 4.83% compared to the annual target of 4.4%. The scheme was closed by the Janata Party government in the year 1978, before one year of ending fifth year plan.
Sixth Five Year Plan (1980-85)
The Sixth Five Year Plan started two times. For the first time, the government of the Janata Party and the second time by the Congress government in 1980 started this five year plan. The duration of this five-year plan was 1980 to 1985. This scheme was based on the D TLakravalaVikas model.
Seventh Five Year Plan (1985-90)
The main objective of this scheme was to establish a self-sustaining economy. Jawahar Rozgar Yojana and Nehru Rozgar Yojana were started in this scheme. Indira AwasYojanawas launched in 1985-86. Seventh Five Year Plan was a successful scheme. In this plan, achievement was 5.8% annually compared to the targeted 5%.
Eighth Five Year Plan (1992-97)
The 8th Five Year Plan was based on the “John Mailer Development Model.” The main objective of the eighth Five Year Plan was the development of human resources. India became a member of the World Trade Organization on 1 January 1995. Pradhan MantriRozgarYozna (PMRY) was launched on August 15, 1993. it was a successful plan. 6.7% annual growth rate achieved in compare of the targeted 5.6%.
Ninth Five Year Plan (1997-2002)
The main objective of the ninth five-year plan was economic development with social justice and equality. Swarna Jayanti ShahariRojgarYojna (SJSRY) was launched on December 1, 1997. The Ninth Five Year Plan was an unsuccessful plan. The actual achievement is only 5.5% compared to the annual target of 6.5%. The main reason for the failure of the ninth five-year plan was the global recession.
Tenth Five Year Plan (2002-07)
The main objective of the Tenth Five Year Plan was to reduce poverty and unemployment. The goal of this scheme was 8% annual growth rate, while the achievement was 7.8% which was the highest growth rate so far in all Five Year Plan schemes till now.
Eleventh Five Year Plan (2007-12)
The Eleventh Five Year Plan was the fastest and inclusive growth target. In the Eleventh Five Year Plan, there was a target of 9% annual growth rate, but the real achievement was only 7.9%.
Twelfth Five Year Plan (2012-17)
The annual growth target of Twelfth Five Year Plan ia 8%. In this scheme, the target of bringing the infant mortality rate is 25 and the maternal mortality rate to 1 on the birth of 1000 children.