Programme Planning, Implementation and Evalution

PROGRAMME PLANNING, IMPLEMENTATION AND EVALUATION 2(1+1)

Lesson 26 : Five Year Plans: Objectives and Achievements

Fifth Five Year Plan (1974-79)

The Fifth Five Year Plan was formulated at the time when the country was undergoing great economic crisis due to severe inflation, hike in oil prices and failure of the government takeover of the wholesale trade in wheat: Stress was laid on employment, poverty alleviation and justice.

Objectives

• Removal of poverty.
• Attainment of self reliance, through promotion of higher rate of growth, better distribution of income and a very significant step-up in the domestic rate of saving.
• To bring inflation under control and achieve stability in the economic situation.

Achievements

• Electricity Supply Act was framed in 1975, which helped the Central Government to enter into power generation and transmission.