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FOURTH FIVE
YEAR PLAN(1969- 1974)
Total outlay-Rs. 25500 Crores.
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The main functions of the PlanningCommission include: :
y The main functions of the Planning Commission include:
1. Making real assessment of various resources and investigating the
possibilities of augmenting resources;
2. Formulating plans;
3. Defining stages of plan implementation and determining plan priorities;
4. Identifying the factors retarding economic growth and determining the
conditions for its successful implementation;
5. Determining plan machinery at each stage of the planning process;
6. Making periodic policy measures to achieve objectives and targets of plan;
7. Making additional recommendations as and when necessary.
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PLANNING COMMISSIONOF 4th FIVE YEARPLAN
(1969-1974)y INDIRA GANDHI
y Chairman
y D.R. GADGIL
y Deputy Chairman
y R. VENKATARAMAN
y Membery B. VENKATAPPIAH
y Member
y PITAMBAR PANT
y Member
y B.D. NAG CHAUDHURI
y Member
y B.D. PANDE
y Secretary (August 1967 - February 1970)
y A. MITRA
y Secretary (February 1970)
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Distribution of Funds
(IN CRORE) (IN%)
y Irrigation 6469.8 26%
y Agriculture 4477.2 18%
y
Transport 4727.2 19%y Communication 1244 5%
y Industry
y Social services 3980.8 16%
y Land rehabilitation 995.2 4%y Other service and 746.4 3%
sectors
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OBJECTIVES
y Fourth Five-Year Plan (196970 to 197374)
y The Fourth Plan aimed at two main objects:
1. Growth with stability.
y 2. Progressive achievement of self-reliance.
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y Besides these two, the other objectives were asfollows:
y 1. Attaining social justice and equality along with
care of the weak and under-privileged, and thecommon man
y 2. Generating more employment opportunities bothin the rural and urban areas
y 3. Assigning an increasing role to the public sectorin the growth process.
y 4. Correcting regional imbalances among differentstates.
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To achieve an overall rate of growth 5.7 percentannually.
To raise exports at the rate of7 percent annually.
y To reform and restructure governmentexpenditure agenda( DEFENSE became onemajor expense)
y The citizens, men and women, equally, have theright to an adequate means of livelihood.
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Unsatisfied Fourth Five-Year Plan
y The situation in East Pakistan (nowBangladesh)was becoming dire as the Indo-Pakistani War of1971 and Bangladesh Liberation War took place.
y
Funds earmarked for the industrial developmenthad to be diverted for the war effort. India alsoperformed the Smiling Buddha undergroundnuclear test , partially in response to the UnitedStates deployment of the Seventh Fleet in the BayofBengal. The fleet had been deployed to warnIndia against attacking West Pakistan andextending the war.
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ACHIEVEMENTS
y 14 Banks were NATIONALIZED.
y Food grain production increase.
y Served as a stepping stone for economic
growth.y Great advancement has been made with regard to
Indias national income.
y Considered as one of the EMERGING POWER.
y The Green Revolution in India advancedagriculture.
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PROBLEMS
Agap was created between the people of rural areasand those of urban areas.
Due to RECESSION, FAMINE and DROUGHT,
India did not pay much heed to long term goals.
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yTHANKYOU