Economy · Free Revision Notes

Fifth Five Year Plan (1974–1979)

#Indian Economy#Five Year Plans#Garibi Hatao#Indira Gandhi

Drafted by D. P. Dhar under Prime Minister Indira Gandhi, the Fifth Five Year Plan was the first plan to explicitly adopt poverty eradication as a primary national objective.
• Core Theme & Slogan: 'Garibi Hatao' (Removal of Poverty) and attainment of economic self-reliance with social justice.
• Key Initiatives Launched:
- Minimum Needs Programme (MNP) for basic welfare.
- Twenty Point Programme (launched in 1975).
- Establishment of Regional Rural Banks (RRBs) in 1975.
- Food for Work Programme & Command Area Development Programme (CADP).
• Resource Allocation: Industry & Mining (26%), Power (19%), Transport & Communication (18%), Social Services (16%), Agriculture & Allied (12%), and Irrigation & Flood Control (9%).
• Growth Performance: Target Growth Rate was 4.4%, while the Actual Growth Rate achieved was 4.8% (exceeded targets despite the 1973 oil crisis and high inflation).
Political & Historical Context:

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