Question

.in which year plan was the target of deficit finance taken as zero?

Answer 1

The Zero-based budgeting (ZBB) concept was advocated in 1924 by British budget authority Edward Hilton Young.
Indian started the system in the year 1983 in the Department of Science and Technology. The system was adopted for determining budget expenditure in 1986 for the first time.

Answer 2

In 1986 the Indian government adopted zero-based budgeting as a technique for determining expenditure budget.

In India the principle was initiated in 1983 in the Department of Science and Technology. In this method all expenses for each new period have to be justified. No reference is made to the previous years. The budget is evaluated from the zero-base. The ZBB concept was promoted in the seventh five year plan.