The main objective of the 5th Five Year Plan in India was the eradication of poverty. Launched in 1974, this plan aimed to increase the income and employment opportunities of the poor and reduce the income disparities between the rich and the poor. The government aimed to do this by investing in the development of rural areas and the agricultural sector, as well as by creating employment opportunities through the development of small-scale industries.

One of the main components of the 5th Five Year Plan was the Community Development Programme, which aimed to empower local communities by involving them in the planning and implementation of development activities. The programme provided financial and technical support to rural communities for the development of small-scale industries and the improvement of agricultural practices.

Another key component of the 5th Five Year Plan was the expansion of the public distribution system, which aimed to provide food grains and other essential commodities to the poor at subsidized prices. This helped to improve the standard of living of the poor and reduce their dependence on moneylenders and other exploitative sources of credit.

The government also launched several poverty alleviation programmes, such as the Integrated Rural Development Programme and the Jawahar Rozgar Yojana, to provide employment opportunities to the poor and improve their standard of living. The government also increased its spending on health, education and other social sectors in order to improve the quality of life of the poor.

Overall, the 5th Five Year Plan was a significant step in the direction of poverty eradication in India. While the plan did not fully achieve its objectives, it laid the foundation for future poverty alleviation efforts and set the stage for the development of more comprehensive and targeted poverty alleviation programmes.

In conclusion, the 5th Five Year Plan in India was an important milestone in the country's development journey, as it marked the first time that the government had made poverty eradication a priority. Despite its limitations, the plan helped to improve the standard of living of the poor and set the stage for further poverty alleviation efforts in the years to come.