Rajasthan Police Constable Model Paper 5

The first five year plan (FYP) came into effect in 1951.

• First Five year Plan (1951-56):
• After independence, India launched its First FYP in 1951, under socialist influence of first Prime Minister Jawaharlal Nehru.
• It was based on Harrod-Domar Model.
• The Plan focussed on agriculture, price stability, power and transport.
• It was a successful plan primarily because of good harvests in the last two years of the plan.
• Objectives of rehabilitation of refugees, food self-sufficiency & control of prices were more or less achieved.
• Five year Plans (FYP):
• Five-Year Plans (FYPs) were centralized and integrated national economic programs.
• Joseph Stalin implemented the first FYP in the Soviet Union in the late 1920s.
• The Planning Commission was set up in March 1950, to oversee and implement the five year Plans (FYP).
• It was tasked with the responsibility of making assessment of all resources of the country, and formulating plans for the most effective and
• balanced utilisation of resources and determining priorities.