Correct option is D
The correct answer is (D) Rural capital formation areas
Explanation:
• The Seventh Five-Year Plan (1985–1990) placed strong emphasis on rural development, especially through rural capital formation.
• The strategy focused on enhancing agricultural productivity, employment generation, and improving rural infrastructure like irrigation, rural roads, and electricity.
• The idea was to build productive assets in rural areas to stimulate economic self-reliance and reduce poverty and unemployment.
Information Booster:
· The Seventh Plan was led under the tenure of Prime Minister Rajiv Gandhi and aimed at “faster growth with social justice”.
· It introduced initiatives like:
o Integrated Rural Development Programme (IRDP)
o National Rural Employment Programme (NREP)
o Rural Landless Employment Guarantee Programme (RLEGP)
· The plan also emphasized education, health, and women's development in rural areas
· Rural capital formation included investments in land development, minor irrigation, soil conservation, and animal husbandry.
Additional Knowledge:
(A) Industrial zones:
- Emphasised under industrial policies, not a core focus of rural development.
(B) Urban centers:
- The Plan addressed urban issues, but rural development remained a top priority.
(C) Foreign markets:
- The focus was domestic economic growth, not driven by export-oriented strategies.