What was the total budget of the 12th Five Year Plan?

Rs.47.7 lakh crore
Explanation: The total budget of the 12th Five Year plan was Rs. 47.7 lakh crore which is 135% more than the 11th Five year Plan of India.

What are the 12 Five Year Plans?

Contents

  • History.
  • First Plan (1951–1956)
  • Second Plan (1956–1961)
  • Third Plan (1961–1966)
  • Plan Holidays (1966–1969)
  • Fourth Plan (1969–1974)
  • Fifth Plan (1974–1978)
  • Rolling Plan (1978–1980)

What are the targets of 12th Five Year Plan?

It aims at average GDP growth rate of 8% It seeks to achieve 4% growth in agricultural sector. It aims at reducing head-count poverty by 10% It aims at generating 50 million work opportunities in non-farm sector and providing skill certifications.

Who prepared draft of 12th Five Year Plan?

12 Five-Year Plans in India Drafted by statistician P.C. Mahalanobis, the Second Plan was also called the Mahalanobis Plan. Under the plan, hydroelectric power projects and steel plants were set up at Bhilai, Rourkela and Durgapur.

When was the 12th five year plan started?

12th Five Year Plan of the Government of India (2012–17) was India’s last Five Year Plan. With the deteriorating global situation, the Deputy Chairman of the Planning Commission Mr Montek Singh Ahluwalia has said that achieving an average growth rate of 8 per cent in the next five years is not possible.

What is the goal of India’s 12th Five Year Plan?

The objectives of the 12th Five Year Plan of India include: Achieving a growth rate of 9 percent. Ensuring a growth rate of 4 percent in the agricultural sector. Ensuring that the commercial energy supplies grow at a rate of 6.5-7 percent per year.

Was the 12th five year plan successful?

Who opposed Bombay Plan?

Why was the Bombay Plan neglected by political parties? The reasons for the Bombay plan’s failure are largely political. The Communists were Congress’ principal adversary in the 1950s.

Which sector got the highest allocation in the 12th Five Year Plan?

The correct answer is Power. In Rajasthan Twelfth Five Year Plan the maximum allocation is proposed for Power (36.92%), followed by Social & Community Services (35.28%).

Who is the father of planning in India?

Sir Mokshagundam Visvesvaraya
Sir Mokshagundam Visvesvaraya is known as the Father of Indian Economic Planning.

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