Visweswarayya Plan

The Visvesvaraya Plan, also known as the “Mysore Economic Plan,” was a proposal for economic and industrial development in India. It was formulated by Sir Mokshagundam Visvesvaraya, a renowned Indian engineer, statesman, and scholar. Visvesvaraya served as the Diwan (Prime Minister) of the princely state of Mysore (now part of Karnataka) from 1912 to 1918. His plan was presented in 1934 and is notable for its emphasis on infrastructure and industrial development. Here are some key points about the Visvesvaraya Plan:

Objectives:

1. Industrialization: The primary goal of the Visvesvaraya Plan was to promote industrialization in India. It recognized the importance of industrial growth for economic development and self-reliance.

2. Infrastructure Development: The plan placed a strong emphasis on the creation of infrastructure, particularly in areas such as irrigation, power generation, transportation, and communication. Infrastructure development was seen as crucial for supporting industrialization and improving the living standards of the population.

3. Rural Development: The plan recognized the significance of rural development and agricultural modernization. It aimed to uplift rural areas by providing them with access to modern technology and infrastructure.

4. Education: Education was considered a key factor for economic progress. The plan proposed the expansion of educational facilities to enhance human capital and technological capabilities.

5. Irrigation: Increasing agricultural productivity through the expansion of irrigation facilities was a central component of the plan. This was intended to ensure food security and improve the livelihoods of rural communities.

6. Hydel Power: The plan proposed the development of hydropower projects to generate electricity. Hydropower was considered a clean and sustainable energy source to support industrial and agricultural needs.

7. Industrial Estates: The plan recommended the establishment of industrial estates to support the growth of industries, including small and medium-sized enterprises.

8. Technical Education: Promoting technical education and vocational training was seen as essential for building a skilled workforce to support industrialization.

Legacy: The Visvesvaraya Plan contributed to the discourse on economic development in India during the early 20th century. While it was not officially adopted as a national plan, its principles and ideas, particularly those related to infrastructure development and industrialization, have had a lasting influence on India’s economic policies. Sir M. Visvesvaraya’s vision and contributions to India’s industrial and economic development continue to be celebrated, and he remains an iconic figure in the country’s history.