Question

Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following:
1. Reduction of poverty
2. Extension of employment opportunities
3. Strengthening of capital market
4. Reduction of gender inequality

Answer 1

Correct Answer - Option 3 : Strengthening of capital market

The correct answer is Strengthening of capital market.

•  Eleventh Five Year Plan:
  • The Eleventh Five Year Plan continued from 2007 to 2012 and was the second last five-year plan of India.
  • The theme of this five-year plan was - 'Faster and more inclusive growth.'
  • The then Prime Minister of India, Dr. Manmohan Singh, was the Chairperson of the Planning Commission.
  • The plan was prepared by C. Rangarajan and approved by National Development Council in December 2007.
  • The total outlay of the Eleventh Five Year Plan was Rs. 3644718 crores.
  • The Eleventh Five Year Plan focussed mainly on agriculture, irrigation, health, education, poverty alleviation, and schemes for the backward sections of the population.
  • The growth target under the Eleventh Five Year Plan was 9%, though it could achieve only 8%. The target for the agriculture, industry, and services sector was 4%, 10%, and 9% respectively.
  • Reduction of poverty -
    • The plan had the target of doubling the per capita income in 10 years by incorporating the concept of 'inclusive growth.
    • The plan kept the target of reducing poverty by 10 percentage points.
    • Backward Regions Grant Fund (BRGF) was created for the 250 most backward districts of the country in order to reduce poverty in these areas, etc.
    • The departments of Rural Development and Urban Development were given the task of implementing programs that directly aim at reducing poverty.
  • Extension of employment opportunities -
    • The plan aimed at generating 7 crores of new employment opportunities.
    • The plan also had the target of reducing educated unemployment below 5%.
    •  Village and Small Scale Enterprises (VSE) and the wage employment programs like NREGS were considered for providing most of the employment during the Eleventh Plan.
  • Reduction of gender inequality -
    • The five-year aimed at lowering the gender gap in literacy to 10 percentage points.
    • Gender budgeting was introduced by the government in 13 departments in the year 2007-08 to assess the allocation of resources gender-wise and to see the impact of policies and programs on gender.