Name the programes implemented in the eigth five year plan (1992-1997)
Answers
Answer:
The eighth five year plan can be called a “Rao and Manmohan Plan”. This was reform period and the following took place during the reform period. In 1991, Rupee was once again devaluated. Due to the currency devaluation the Indian Rupee fell from 17.50 per dollar in 1991 to 45 per dollar in 1992. The Value of Rupee was devaluated 23%. The Government announced the new Industrial Policy whereby it delicensed most industries, reduced import tariffs, opened door for foreign direct investment, introduced a market determined exchange rate system. The Eighth plan started in April 1992. One of the major highlight was modernization of the industries. The plan was launched with twin objectives of alleviation of poverty and unemployment. This plan period saw launching of many flagship programmes. In the 8th five year plan, growth rate achieved was 6.8% against the target of 5.6% . In the first two years the achieved growth rate was in the tune of 7.7%. Later it decreased due to a mounting pressure on Asian Economies which later culminated in the Asian Financial Crisis of 1997.
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Explanation:
Answer:
the following programs was started during this plan :
- Pradhanmantri rozgar Yojana
- Mahila samriddhi Yojana
- Rashtriya samajik, arthik sahayya Yojana
- Midday meal scheme
- Indira mahila scheme
- Ganga Kalyana scheme