Explain the 5-year plans in terms of employment generation in India since independence.
The new budget for 2024 includes several significant measures aimed at supporting farmers and enhancing the agricultural sector: Increased Funding: The budget allocates ₹1.52 lakh crore to agriculture and allied sectors, marking a 20% increase from the previous year. This funding aims to improve proRead more
The new budget for 2024 includes several significant measures aimed at supporting farmers and enhancing the agricultural sector:
- Increased Funding: The budget allocates ₹1.52 lakh crore to agriculture and allied sectors, marking a 20% increase from the previous year. This funding aims to improve productivity and support overall development in the sector.
- PM Kisan Samman Nidhi: The allocation for this scheme, which provides direct financial assistance to farmers, remains at ₹60,000 crore, benefiting approximately 11.8 crore small and marginal farmers.
- Pradhan Mantri Fasal Bima Yojana (PMFBY): Continued funding for this crop insurance scheme ensures protection against adverse weather conditions and other unforeseen events, aiming to cover around 4 crore farmers.
- e-NAM Integration: Plans to integrate 1,361 more mandis into the electronic National Agricultural Market (e-NAM) will enhance market efficiency and transparency, benefiting 1.8 crore farmers.
- Post-Harvest Infrastructure: The budget emphasizes public-private partnerships to reduce post-harvest losses by improving infrastructure and storage facilities. This initiative is expected to boost food security and economic growth.
- Atmanirbhar Oil Seeds Abhiyan: This initiative focuses on achieving self-sufficiency in edible oil production by promoting the cultivation of high-yielding oilseed varieties and improving market linkages.
- Nano DAP Adoption: Following the success of Nano Urea, the budget promotes the use of Nano DAP, a more efficient and cost-effective fertilizer, to reduce dependency on imports.
- Dairy Development: A comprehensive Dairy Development program, supported by an allocation of ₹29,610.25 crore over three years, aims to enhance productivity, diversify products, and improve animal health management.
- Aquaculture Expansion: The budget aims to boost aquaculture productivity and double exports by establishing integrated aquaparks, creating significant job opportunities.
These measures collectively aim to modernize Indian agriculture, improve farmers’ income, and ensure food security while fostering sustainability and self-reliance.
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India's 5-year plans, also known as the Five-Year Plans, are a series of national development plans designed to promote economic growth, reduce poverty, and improve the quality of life for the Indian population. Since independence in 1947, India has implemented several 5-year plans to achieve theseRead more
India’s 5-year plans, also known as the Five-Year Plans, are a series of national development plans designed to promote economic growth, reduce poverty, and improve the quality of life for the Indian population. Since independence in 1947, India has implemented several 5-year plans to achieve these goals. Here’s an overview of the employment generation aspect of each plan:
First Five-Year Plan (1951-1956)
Second Five-Year Plan (1956-1961)
Third Five-Year Plan (1961-1966)
Fourth Five-Year Plan (1969-1974)
Fifth Five-Year Plan (1974-1979)