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Question 1. Define a plan.
A plan refers to a systematic statement of how a nation’s resources are to be used to achieve specific economic and social objectives within a given period of time. It outlines both general goals and specific targets, along with the policies and priorities required to achieve them.
In the Indian context, plans were usually framed for a five-year period and hence were called Five Year Plans. These plans also formed part of a longer-term development strategy known as the perspective plan.
EXTRA DRILLING
India has completed 12 Five Year Plans so far.
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The First Five Year Plan began in 1951.
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The Twelfth Five Year Plan covered the period 2012–2017.
After 2017, the system of Five Year Plans was discontinued and replaced by NITI Aayog, which follows a long-term vision (15 years), 7-year strategy, and 3-year action agenda instead of Five Year Plans.