Second Five Year Plan India

Second five year plan India (1956-1961) intends to increase and carry forward the development that had been started by the first five year plan in India.

These five year plans are formulated by the planning commission whose objective is to utilize the country's resources effectively, so that the standard of living of the people improves.

The various tasks of the second five year plan in India are:

To increase by 25% the national income
To make the country more industrialized
To increase employment opportunities so that every citizen gets a job

In India, the second five year plan focused on industry - more specifically on the heavy industry. The domestic production of industrial goods in the public sector was encouraged by the second five year plan in India. The total amount for development given allocated under the second five year plan in India was ` 4,800 crore. This money has been distributed under the second five year plan in India for the development of various sectors. They are:

Mining and industry
Community and agriculture development
Power and irrigation
Social services
Communications and transport
Miscellaneous

During the second five year plan India, 5 steel plants in Jamshedpur, Durgapur, and Bhilai had been established, apart from a hydro-electric power project which was also undertaken and implemented. The production of coal increased during this period. Also, more railway lines were added in the north-east part of the country, during the Indian second five year plan. Land reform measures have been taken during the period of the second five year plan India, in order to remove the socio-economic constraints of the rural population.

The second five year plan India has, to a large extent, improved the living standards of the people.

Last updated on 4/28/2011