Answer:
Five-Year Plans of Nepal generally strove to increase output and employment; develop the infrastructure; attain economic stability; promote industry, commerce, and international trade; establish administrative and public service institutions to support economic development; and also introduce labor-intensive production techniques to alleviate underemployment. The social goals of the plans were improving health and education as well as encouraging equitable income distribution. Although each plan had different development priorities, the allocation of resources did not always reflect these priorities. The first four plans concentrated on infrastructure—to make it possible to facilitate the movement of goods and services—and to increase the size of the market. Each of the five-year plans depended heavily on foreign assistance in the forms of grants and loans
Explanation:
First Five-Year Plan
The First Five-Year Plan(1956–61) allocated Rs 330 million for development expenditures of which Rs 220 million were funded by international donors, partly under the Colombo Plan. Transportation received top priority with almost 30% of the budget allocation but rural development, including agriculture, village development, irrigation and forestry also received significant amounts.
