12 Vi Panchvarshiya Yojana (2012-2017) – Complete Details. 12Vi Panchvarshiya Yojana Ki Awadhi. 12th Five Year Plan Scheme.
The term of the 12 Vi Panchvarshiya Yojana of India was from 2012 to 2017, which was created primarily to focus more on health, education, rural infrastructure, and irrigation and water resources. The main objective of this plan was to make the economic development of the country. Through this article, you can get complete information about this 12 Vi Panchvarshiya Yojana (2012-2017).
12 Vi Panchvarshiya Yojana (2012-2017)
Every five years the government makes one-off plans whose main objective is to develop the country. Continuing this sequence, the 12th Five-Year Plan was prepared by C. Rangarajan, whose tenure was kept from 2012 to 2017. This scheme was created with the objective of accelerating the development of the country and improving the standard of living of the people. It had a target of ambitious economic growth of 9.0 to 9.5 percent.
12th Five Year Plan Scheme – Faster, More Inclusive and Sustainable Development
The theme of the scheme was to ensure faster, more inclusive and sustainable development by the government. The plan aimed to achieve 8% growth but in fact, only 6.8% growth rate could be achieved. Another ambitious goal of this scheme was to increase employment opportunities in the country by developing the country’s manufacturing sector.
Objectives of the Barahvi Panchvarshiya Yojana
- The objective of the scheme was to create 50 million new job opportunities in the non-agricultural sector.
- In addition to reducing the malnutrition in children, which is found in children of 0-3 years
- Providing electricity to all villages by the year 2017
- Provide proper drinking water facilities to 50% of the population of the rural population.
- Planting of greenery by planting trees in 1 million hectare area every year
- 90% of the country’s families should be linked with banking facilities.
The 12th Five-Year Plan was mainly focused on health, education, water resources, and rural infrastructure.
12 Vi Panchvarshiya Yojana – Details
|Scheme Name||12Vi Panchvarshiya Yojana|
|Tenure Year||2012 to 2017|
|Director||Dr. Manmohan Singh|
|Vice President||Montek Singh Ahluwalia|
|Target Growth Rate||8%|
|Actual Achieved Growth||6.8%|
The current Prime Minister of India Narendra Modi has stopped making five-year plans after the year 2017. In this way, through the five-year plans being made on the imitation of Soviet Russia, the country’s economic planning system has been closed. Therefore, the 12th Five-Year Plan will be considered India’s last five-year plan.
In a nutshell, it can be said that even though the government has stopped making such schemes, these five-year plans have an incomparable contribution to India’s economic development. Through these schemes, India has learned how the country can be brought on the path of development with the help of fewer resources.
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