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What Do You Mean by the Planning Commission?
The Planning Commission in India was established in March in the year 1950. Pandit Jawaharlal Nehru was the first chairman of the Planning Commission. This commission was set up to uplift the economic and social development of a country. This was also made to improve the standard of living of the country’s people by utilizing the country’s resources at its best. The Planning Commission formulates rules for using the resources in its most effective way.
The Planning Commission makes regular and periodic evaluations of the resources in the country, fulfills the insufficient resources, and then makes the plan for the perfect utilisation of the resources.
What is a Five-Year Plan in the Planning Commission?
The resources of a country are taken care of by a Five Year Plan. Five Year Plan refers to the methods of planning the economic growth and use of resources over a limited period of time. The Five Year Plan was firstly used in the Soviet Union and then followed by any other nation.
In the Soviet Union, the First Five Year Plan was set up by Joseph Stalin from the year 1928 to 1932. Joseph Stalin aimed at setting up various types of industries and improving the agriculture system by efficiently utilizing the country’s resources.
The Second Plan was built up from 1933, ending in 1937. Its primary focus was the same as the first. The third was established starting from the year 1938, ending in 1942. It aimed at providing the armaments. The fourth plan was formulated in the year 1946 up to 1953. Its primary focus was to build up the heavy industries and improve the military services.
What are the Structures of the Planning Commission?
The prime minister is the chairman of the Planning Commission. Pandit Jawaharlal Nehru was the Prime Minister at that time. So, he was the first chairman of the Planning Commission. There are also the vice Chairman and the Deputy Chairman. Full-time members are also there. These people give advice and suggestions for planning the Five Year Plan.
Main Functions of the Planning Commission
The points listed below are the main functions of the Planning Commission:
- To keep track of the resources and find out which resources are insufficient.
- To make plans for the utilization of the resources for the use of the country’s resources in an efficient way.
- To make a list of the factors that affect the country’s resources.
- To find out the machinery that proves to be helpful efficiently.
- To track the list of the assessment of the progress of the plan.
- To find out how the country’s economic growth can be boosted up.
Conclusion
This article focuses on the Planning Commission of a country. It explains in detail about the Planning Commission, its structure, and its functions in detail. Planning Commissions are formed to utilize the country’s resources efficiently and effectively.
