--- title: "who gave the final approval to the draft of five Year Plan?" description: "who gave the final approval to the draft of five Year Plan?" author: "ramesh kumar" published: 2017-12-26 canonical: https://answers.mindstick.com/qa/32009/who-gave-the-final-approval-to-the-draft-of-five-year-plan category: "history, politics & society" tags: ["general knowledge"] reading_time: 2 minutes --- # who gave the final approval to the draft of five Year Plan? who gave the final approval to the [draft](https://answers.mindstick.com/qa/34813/why-do-nba-teams-draft-players) of [five Year](https://answers.mindstick.com/qa/39989/whose-name-is-associated-with-the-formulation-of-planning-strategy-in-second-five-year-plan) Plan? ## Answers ### Answer by Stuti Gupta > **The final authority that gave official authorization to the [five-year plans](https://en.wikipedia.org/wiki/Five-Year_Plans_of_India) was the National Development Council (NDC).** \ The Indian economy was built on the notion of planning from 1947 to 2017. This was carried out through the **[Planning Commission](https://answers.mindstick.com/qa/39995/the-planning-commission-of-india-was-constituted-in-which-year)** (1951-2014) and the [**NITI Aayog's Five-Year Plans**](https://answers.mindstick.com/qa/92720/what-is-niti-aayog), which were established, implemented, and monitored (2015-2017). The [commission](https://answers.mindstick.com/qa/92749/what-is-union-public-service-commission) has a selected deputy chairman who is a cabinet minister, with the prime minister as ex-officio chairman. Montek Singh Ahluwalia is the **commission's final deputy chairman** (resigned on 26 May 2014). \ In March 2017, the Twelfth Plan's period came to an end. Before the [Fourth Plan](https://answers.mindstick.com/qa/39992/the-slogan-garibi-hatao-poverty-abolition-was-given-in-which-five-year-plan), state resources were selected depending on **conceptual principles instead of a fair and accountable process**, which resulted in the Gadgil formula's adoption in 1969. Since then, updated versions of the method have been used to provide central aid for state programs. \ **Also Read: [What is NITI Aayog and what is its responsibilities?](https://answers.mindstick.com/qa/49589/what-is-niti-aayog-and-what-is-its-responsibilities)** \ The new administration of Narendra Modi, who was elected in 2014, has announced the abolition of the Planning Commission, which would be replaced by the NITI Aayog, a think tank (an acronym for National Institution for Transforming India). Under the socialism inspiration of India's first prime minister, **[Jawaharlal Nehru](https://answers.mindstick.com/qa/48629/when-was-the-jawaharlal-nehru-and-the-indian-polity-in-perspective-written), India established the First FYP in 1951, shortly after independence.** --- Original Source: https://answers.mindstick.com/qa/32009/who-gave-the-final-approval-to-the-draft-of-five-year-plan Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.