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The First Five year plan was commenced in 1951 to be drafted by young Economist K.N.Roy with the emphasis on poverty allevation. Its main thrusts are as follows:
1) To Invest in dams and irrigation to improve agricultural sector with the urgent attention.
2) Huge Allocations were made for large scale projects like Bhakra-Nangal Dam.
3) It focused on Land Reforms for the development in rural areas
4) It aimed to increase level of National Income.
The First Five year Plan differed from the second five year plan :
A) The 2nd five year plan stressed heavy on industrialization
b) Second five year plan wanted to bring quick structural transformation in all possible directions in place of slow and steady growth like First Five Year Plan.
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