SSC MTS EXAM

Detailed explanation-1: -The Planning Commission of India was formed on 15 March 1950. It formulated the Five-Year Plans of India . On 17 August 2014, it was dissolved and replaced by the NITI Aayog.

Detailed explanation-2: -In 1950, the Government set up a Planning Commission to help, design and execute suitable policies for economic development.

Detailed explanation-3: -Planning Commission, agency of the government of India established in 1950 to oversee the country’s economic and social development, chiefly through the formulation of five-year plans.

Detailed explanation-4: -Second Plan (1956–1961) The Second Plan focused on the development of the public sector and “rapid Industrialisation".