Solving India's unemployment through industrial planning. - Page 73 |
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60
All remaining industries will fall in the third
category. It will be the policy of the state to facilitate
and encourage development of these industries in the
private sector in accordance with program formulated in
successive five year plans by ensuring development of jI
transport, power, and other services. The state will
continue to foster institutions to provide financial aid
to these industries and special assistance will be given
to enterprises organized on cooperative lines for industrial
and agricultural purposes. In suitable cases the
state may also grant financial assistance to private
sectors. Such assistance will be in the form of partici- I
pation in equity capital though it may also be in part In !
the form of determine capital. i
Allocation or resources in planning. The principal i
function of the second plan is to secure an increase of i national income by about 25 per cent for a five year '
.1 period. The total development outlay of the Indian
government over a five year period (1956-61) works out at
rupees 48,000 millions. The distribution of this outlay
under major areas of the development indicated in Table XI.
The total allocation does not Include expenditure by
local bodies or contribution of local population participating
in developing work within their localities. The
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| Title | Solving India's unemployment through industrial planning. - Page 73 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 60 All remaining industries will fall in the third category. It will be the policy of the state to facilitate and encourage development of these industries in the private sector in accordance with program formulated in successive five year plans by ensuring development of jI transport, power, and other services. The state will continue to foster institutions to provide financial aid to these industries and special assistance will be given to enterprises organized on cooperative lines for industrial and agricultural purposes. In suitable cases the state may also grant financial assistance to private sectors. Such assistance will be in the form of partici- I pation in equity capital though it may also be in part In ! the form of determine capital. i Allocation or resources in planning. The principal i function of the second plan is to secure an increase of i national income by about 25 per cent for a five year ' .1 period. The total development outlay of the Indian government over a five year period (1956-61) works out at rupees 48,000 millions. The distribution of this outlay under major areas of the development indicated in Table XI. The total allocation does not Include expenditure by local bodies or contribution of local population participating in developing work within their localities. The |
