Copy of FOURTH FIVE

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FOURTH FIVE

YEAR PLAN(1969- 1974)

Total outlay-Rs. 25500 Crores.


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The main functions of the PlanningCommission include: :

y The main functions of the Planning Commission include:

1. Making real assessment of various resources and investigating the

possibilities of augmenting resources;

2. Formulating plans;

3. Defining stages of plan implementation and determining plan priorities;

4. Identifying the factors retarding economic growth and determining the

conditions for its successful implementation;

5. Determining plan machinery at each stage of the planning process;

6. Making periodic policy measures to achieve objectives and targets of plan;

7. Making additional recommendations as and when necessary.


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PLANNING COMMISSIONOF 4th FIVE YEARPLAN

(1969-1974)y INDIRA GANDHI

y Chairman

y D.R. GADGIL

y Deputy Chairman

y R. VENKATARAMAN

y Membery B. VENKATAPPIAH

y Member

y PITAMBAR PANT

y Member

y B.D. NAG CHAUDHURI

y Member

y B.D. PANDE

y Secretary (August 1967 - February 1970)

y A. MITRA

y Secretary (February 1970)


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Distribution of Funds

(IN CRORE) (IN%)

y Irrigation 6469.8 26%

y Agriculture 4477.2 18%

y

Transport 4727.2 19%y Communication 1244 5%

y Industry

y Social services 3980.8 16%

y Land rehabilitation 995.2 4%y Other service and 746.4 3%

sectors


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OBJECTIVES

y Fourth Five-Year Plan (196970 to 197374)

y The Fourth Plan aimed at two main objects:

1. Growth with stability.

y 2. Progressive achievement of self-reliance.


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y Besides these two, the other objectives were asfollows:

y 1. Attaining social justice and equality along with

care of the weak and under-privileged, and thecommon man

y 2. Generating more employment opportunities bothin the rural and urban areas

y 3. Assigning an increasing role to the public sectorin the growth process.

y 4. Correcting regional imbalances among differentstates.


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To achieve an overall rate of growth 5.7 percentannually.

To raise exports at the rate of7 percent annually.

y To reform and restructure governmentexpenditure agenda( DEFENSE became onemajor expense)

y The citizens, men and women, equally, have theright to an adequate means of livelihood.


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Unsatisfied Fourth Five-Year Plan

y The situation in East Pakistan (nowBangladesh)was becoming dire as the Indo-Pakistani War of1971 and Bangladesh Liberation War took place.

y

Funds earmarked for the industrial developmenthad to be diverted for the war effort. India alsoperformed the Smiling Buddha undergroundnuclear test , partially in response to the UnitedStates deployment of the Seventh Fleet in the BayofBengal. The fleet had been deployed to warnIndia against attacking West Pakistan andextending the war.


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ACHIEVEMENTS

y 14 Banks were NATIONALIZED.

y Food grain production increase.

y Served as a stepping stone for economic

growth.y Great advancement has been made with regard to

Indias national income.

y Considered as one of the EMERGING POWER.

y The Green Revolution in India advancedagriculture.


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PROBLEMS

Agap was created between the people of rural areasand those of urban areas.

Due to RECESSION, FAMINE and DROUGHT,

India did not pay much heed to long term goals.


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yTHANKYOU

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