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Wednesday, 10 January 2018

Which Five Year Plan had a unique feature to lay down specific targets for each state in consultation with the State Government?

  By GK Planet Team       Wednesday, 10 January 2018
Q. Which Five Year Plan had a unique feature to lay down specific targets for each state in consultation with the State Government?

A. 10th Five Year Plan
B. 8th Five Year Plan
C. 12th Five Year Plan
D. 11th Five Year Plan

Answer:10th Five Year Plan

Tenth Plan (2002–2007)

The main objectives of the Tenth Five-Year Plan were:
  • Attain 8% GDP growth per year
  • Reduction of poverty rate by 5% by 2007
  • Providing gainful and high-quality employment at least to the addition to the labour force
  • Reduction in gender gaps in literacy and wage rates by at least 50% by 2007
  • 20-point program was introduced.
  • Target growth: 8.1% – growth achieved: 7.7%
  • The tenth plan was expected to follow a regional approach rather than sectoral approach to bring down regional inequalities
  • Expenditure of ₹43,825 crore (US$6.9 billion) for tenth five years
Out of total plan outlay, ₹921,291 crore (US$150 billion) (57.9%) was for central government and ₹691,009 crore (US$110 billion) (42.1%) was for states and union territories.
From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951 - 2014) and the NITI Aayog (2015 - 2017). With the Prime Minister as the ex-officio Chairman, the commission has a nominated Deputy Chairman, who holds the rank of a Cabinet Minister. Montek Singh Ahluwalia is the last Deputy Chairman of the Commission (resigned on 26 May 2014). The Eleventh Plan completed its term in March 2012 and the Twelfth Plan is currently underway. Prior to the Fourth Plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans. The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).
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