Match List I with List II and select the correct option from the given codes. List I A. Five Indian Institutes of Technology (IITs) were started as major technical institutions B. KVIC (Khadi Village Industries Commission) was set up C. Gadgil Yojna D. The Minimum Needs Programme (MNP) was launched List II 1. Fifth Five Year Plan 2. Third Five Year Plan 3. Second Five Year Plan 4. First Five Year Plan Choose the correct answer from the options given below:

First Five-Year Plan (1951-56)

• The First Five Year Plan laid the thrust of economic development in India.
• It was presented by the first Indian Prime Minister, Jawaharlal Nehru to the Parliament of India.
• K.N Raj, a young economist, argued that India should "hasten slowly" for the first two decades.
• It mainly addressed the agrarian sector, including investment in dams and irrigation. Ex- Huge allocations were made for Bhakhra Nangal Dam.
• It was based on the Harrod Domar Model and emphasised increasing savings.
• By the end of 1956, five Indian Institutes of Technology were established.
• The target growth rate was 2.1% and the achieved growth rate was 3.6%

Second Five Year Plan (1956-61)

• The Second Five year Plan stressed rapid industrialisation and the public sector.
• It was drafted and planned under the leadership of P.C Mahalanobis and emphasised quick structural transformation.
• KVIC (Khadi Village Industries Commission) was set up.

Third Five Year Plan (1961-66)

• The focus was on agriculture and improvement in the production of wheat.
• Gadgil Yojna was launched.
• Panchayat elections were introduced to bring democracy to the grassroots level.

Fifth Five-Year Plan (1974-78)

• It laid stress on increasing employment and poverty alleviation (garibi hatao).
• In 1975, the Electricity Supply Act was amended, enabling the central government to enter into power generation and transmission.
• The Minimum Needs Programme introduced in the first year of this plan, aimed to provide basic minimum needs. MNP was prepared by D.P. Dhar. Hence, the correct answer is option B.

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