New Delhi: After having replaced the Planning Commission with the NITI Aayog, the Narendra Modi government has now firmed up plans to replace the five-year plans with 15-year vision documents.
As per a report in the Business Standard, the new vision document will be prepared to meet the country’s social goals without wavering from the sustainable growth agenda.
The government has entrusted the NITI Aayog with the task to prepare it.
Cleared at the highest level, it will be implemented after the last of the five-year plans, the 12th (2012-17) ends next year.
The new 15-year plan will begin with the 'National Development Agenda' from 2017-18 that will include internal security and defence as well.
The first 15-year vision document will start which will lay down the schemes, programmes and strategies to achieve the long-term vision.
Reports added the National Development Agenda will be reviewed after a gap of every three years.
The Five-Year Plans were started by Jawahar Lal Nehru in 1951. Since then India had 12 such programs ensured an integrated approach to national economic programs. However, the Modi government felt that the Planning Commission and the five-year-plans have outlived their utility.