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    ​From which of the following years did the fourth five-year plan commence?​
    Question

    ​From which of the following years did the fourth five-year plan commence?​

    A.

    ​1969​

    B.

    ​1964 ​

    C.

    ​1966​

    D.

    1963

    Correct option is A

    • Fourth Five-Year Plan: Two successive years of drought, devaluation of the currency, a general rise in prices and erosion of resources disrupted the planning process and after three Annual Plans between 1966 and 1969, the fourth Five-year plan was started in 1969.
    • It began in 1969 and ended in 1974.
    • The Gadgil Formula served as the foundation for the Fourth Five-Year Plan (1969–1974), which placed a strong focus on growth with stability and the move toward self-reliance.
    • It focused on the development of agriculture, industry, and infrastructure. It was implemented during Indira Gandhi's tenure as prime minister in an effort to address earlier shortcomings.
    • The Green Revolution increased agriculture, and the government nationalized fourteen significant Indian banks. Additionally, the Drought Prone Area Program was introduced. 
    • The actual growth rate was 3.3% compared to the target growth rate of 5.6%.

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