Development Planning in Nepal

Meaning and Definition of Development Planning

The concept of development planning was first developed in the Soviet Union in 1917 A.D. Economic planning is the extension of government functions for the organization and utilization of economic resources. It is a collection of things or activities that must be carried out in a specific order in order to achieve specific goals or targets. The primary goal of developing planning is to achieve long-term economic development in all sectors of the economy, including primary, secondary, and tertiary.

"Planning is the rational control of the economic force for achieving a well-defined objective within a given period," says L. M. Ray.

Dickenson defined planning as "the conscious decision of an authority to make major economic decisions on what and how much is to be produced, how, when, and where it is to be produced, and to whom it is to be allocated, based on a comprehensive survey of the economic system as a whole."

Plan formulation, implementation, monitoring, and evaluation are part of the development planning process. Planning is an appropriate development path; it entails the creation of a national plan of action to achieve development goals.

Development Planning in Nepal

The Juddha Shamsher Regime created an institution and invited 100 foreign experts to develop a strategy. The country first received the 15-year plan. Immediately following that, the national planning council re-established a 15-year plan. The formulation of the plan was hampered by political turmoil and instability following the overthrow of the Rana regime in 1950.

Nepal began development planning in 1956 A.D. with the formation of a robust national planning commission mandated by the government under the Yojana Mandal Act following the demise of the Rana Regime, which is regarded as the first turning point in Nepal's economic development. Nepal's national planning commission is an advisory body for the country's development plans and policies. The government of Nepal's apex advisory body is responsible for developing a national vision, periodic plans, and development policies.

Conclusion

With the formation of a robust national planning commission in 1956 A.D., Nepal began development planning. Following the overthrow of the Rana regime in 1950, the plan's formulation was hampered by political turmoil and instability. Planning is a suitable development path that entails the development of a national plan of action to achieve development objectives.