12th Five – Year Plan –

General Knowledge » Economy »

12th Five – Year Plan 2012 – 2017

The Union Cabinet on 4 October 2012 approved the 12th five – year plan with its aim to renew Indian economy and use the funds from government in improving the facilities of education, sanitation and health. This plan has seen a three – fold increase in the budget constraints when compared to that of the 11th five – year plan. The plan would infuse a huge fund of 47,70,000 lakh crore and this will help to accomplish the economic growth to an average level of 8.2 percent.

12th five – year plan is guided by the policy guidelines and principles to revive the following Indian economy, which registered a growth rate of meager 5.5 percent in the first quarter of the financial year 2012 – 13.

General Studies Question Bank CD

The plan aims towards the betterment of the infrastructural projects of the nation avoiding all types of bottlenecks. The document presented by the planning commission is aimed to attract private investments of up to US$1 trillion in the infrastructural growth in the 12th five – year plan, which will also ensure a reduction in subsidy burden of the government to 1.5 percent from 2 percent of the GDP ( gross domestic product ). The UID ( Unique Identification Number ) will act as a platform for cash transfer of the subsidies in the plan.

The plan aims towards achieving a growth of 4 percent in agriculture and to reduce poverty by 10 percentage points, by 2017.

The formulated draft of the plan would be presented for final approval before the National Development Council ( NDC ) that is headed by the Prime Minister having the Cabinet Ministers and Chief Ministers on board. National Development Council ( NDC ) is the apex decision making body and authority to signal the five year plan in the nation.

The main goal of the 12th Plan would be ‘faster, sustainable and more inclusive growth’.

The Government of India had initiated a structured process for preparing its approach paper for 12th Five Year Plan by involving the civil society and NGOs, seeking their inputs, suggestions and experiences in identifying challenges and areas that require special focus. The Central Government had released its draft approach paper for the 12th Plan and placed it for discussion in the NDC meeting. An overall growth target of 9% is envisaged by the GoI for the 12th Plan with sectoral targets for Agriculture, Industry and Services sectors as 4%, 9.6% and 10% respectively with probable inflation ranging somewhere between 4.5% and 5% for the plan period.

agriculture in the State and subsidy provided to power use, interest on the loans and other inputs. The State is making large investments in developing water potential both for irrigation and for drinking purposes as well. The approach aims to provide an opportunity to restructure policies to achieve a new vision of growth that will be faster, more broad – based, sustainable and more inclusive. The overall strategy would be to look beyond growth and focus on generation of employment to the millions of the youth in the State. This would eventually result in a faster reduction in unemployment and poverty through skill development and also help bridging multiple divides.

The State Government has identified the need for substantial increases in plan outlays to the identified core sectors viz., Agriculture, Livestock, Fisheries, Horticulture, Industries, IT, Tourism, Youth Welfare and Minority welfare from the first year of the 12th Plan itself i.e., Annual Plan 2012 – 13. Flagship programs: One area that attracts due attention during the 12th Plan period would be implementation of flagship programs more effectively. As observed in the approach paper of the GoI for the 12th Plan, there is a proliferation of centrally sponsored schemes over a period of years which led to poor implementation, duplication, lack of convergence and sub-optimal results. There is an urgent need to transform the system and sharply reduce the number of schemes.

Result Framework Model : The State Government is also working out on evolving a Result Framework on the lines of the Government of India which provides a summary of the most important results that a department expects to achieve during the financial year. This document has two main purposes : ( a ) move the focus of the department from process – orientation to results – orientation, and ( b ) provide an objective and fair basis to evaluate One important feature of the growth experienced in the Eleventh Plan, which is relevant for inclusiveness, is that high rates of economic growth have been more broadly shared than ever before across the States.

Growth Vision

With the experience gained during the last few years through implementation of several welfare and developmental programs reinforced with fiscal discipline, Andhra Pradesh is confident of targeting a growth of 10% during the 12th Plan period with the corresponding sectoral growth targets of 6% for Agriculture, 10.5% for Industry and 11.5% for Services. The most important thrust area, among other key issues, identified by the State for effectively utilizing the abundant labour force would be enhancing skill development since demographic dividend can add to growth potential, subject to fulfillment of two conditions. First, much higher levels of health, education and skill development must be achieved. Second, creation of an environment in which the economy not only grows rapidly, but also expands good quality employment/livelihood opportunities to meet the needs. The State is totally committed to ensure the delivery mechanism robust and hassle-free through a process of appropriate mechanism. The Government is equally keen to ensure that the Aadhaar – based Smart Card System is in place at the stroke of the commencement of the 12th Five Year Plan i.e, positively by 1st April, 2012. This would help ensure optimum utilization of scarce resources so that the benefits would reach the eligible and needy through plugging the possible delivery leakages.

JEE Main

Application Form Submission 16 Dec 2020 to 16 Jan 2021.