Answer :

The 12th five-year plan was approved on 4th October for the year 2012-2017. The aim of this plan is to achieve a FASTER AND INCLUSIVE GROWTH. The total budget allocated for this plan is 47.7 lakh crore which is 135% more than the previous plan.

This plan has given three scenarios :


Strong, inclusive growth : 8% growth in GDP


Insufficient growth : 6% to 6.5% growth in GDP


The issue in policy : Below 6% growth in GDP


The objectives of this plan are :


1. Reduce poverty


2. Eliminate gender gaps


3. Improve the living conditions of SCs, STs and other minority groups


4. Improve employment conditions


5. Promote regional equality


Apart from this, it has also indicated various indicators such as;


1. Average GDP growth rate of 8%


2. 4% growth rate in agriculture sector


3. Reduce head count poverty by 10%


4. Generate 50 million jobs in the nonfarm sector


5. Eliminate gender and social gap


6. Reduce infant mortality rate to 25 and maternal mortality rate to 100


7. Increase infrastructure investment to 9% of GDP


8. Provide banking services to 90% of households


9. Secondary education for all


10. Bring 5 universities in the top 200 in the world


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