NOTES

Ans.
The Planning Commission was set up by a Resolution of the Government of India in March 1950 in pursuance of declared objectives of the Government-
to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country,
to increasing production and offering opportunities to all for employment in the service of the community.
To make  assessment of all resources of the country, augmenting deficient resources,
and to formulating plans for the most effective and balanced utilization of resources and determining priorities.