Twelfth Five-Year Plan (2012–2017)
Twelfth five year plan started had the following objectives:
Twelfth five year plan started in the year 2012 and will run till the year 2017. The Twelfth plan seeks to attain annual average economic growth rate of 8.2 %, down from 9 % foreseen earlier, in view of flimsy global recuperation.
Twelfth five year plan is directed by the policy guidelines & principles to revitalize the following Indian economy, which registered a growth rate of meagre 5.5 % in the 1st quarter of the financial year 2012 - 13. The Twelfth Five Year plan aims towards the betterment of infrastructural projects of India avoiding all types of tailbacks.
The document presented by planning commission is intended to draw private investments of up to US $ 1 trillion in the infrastructural growth in the 12th Five year plan, which will also guarantee a diminution in subsidy burden of government to 1.5 % from 2 % of the gross domestic product.
The Unique Identification Number will act as a podium for cash transfer of subsidies in the plan. The Twelfth Five Year plan aims towards attaining a growth of 4 % in agriculture & to lessen poverty by 10 % by 2017.
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