NDA government at the Centre, led by Prime Minister Narendra Modi, has decided to get rid of the Nehruvian five-year plans, and replace them with 15-year vision documents.
- The NITI Aayog has been directed to prepare a vision document at the earliest.
- The current 12th Five-Year Plan will be terminated in the current financial year, 2016-17. The first 15-year vision document will start from 2017-18, along with a seven-year National Development Agenda which will lay down the schemes, programmes and strategies to achieve the long-term vision.
- The National Development Agenda will be reviewed after a gap of every three years to ensure that it was aligned with financial needs and requirements.
- For the first Development Agenda, the review would be done in 2019-20, in line with the termination year of the 14th Finance Commission.
- “The National Development Agenda will also deal with issues related to internal security, defence and external affairs.
- The Five-Year Plans first started in 1951 under the country’s first prime minister Jawaharlal Nehru.
NITI Aayog:
- Prime Minister Narendra Modi, Chairperson
- Amitabh Kant, CEO
- Shri Arvind Panagariya, Vice Chairperson
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