Government of India replaced the old planning commission started in 1952 with a new institution called NITI Aayog on 1 January 2015.
It works under the chairmanship of Prime Minister. NITI Aayog (National Institution for Transforming India) will seek to provide a critical directional and strategic input into the development process. It focuses on co-operative federalism.
In Planning Commission there was one-way flow of policy from Center to states, will now be replaced by a genuine and continuing partnership of states via NITI Ayog.
NITI Aayog is more of a “think tank” ratner than a financing agency.
NITI Aayog will provide relevant strategic and technical advice across the spectrum of key elements of the policy to Governments at the central and state levels.
NITI Aayog, will ensure multi-directional flow of policy (from Center to States, from States to Center, between ministries etc.)
Better inter-ministry coordination.
It will be responsible for creating repository of knowledge, innovation and entrepreneurial support system through a collaborative community of national and international experts.
Objective of NITI Ayog
- NITI Aaayog is based on the 7 pillars of effective governance –
- Inclusion of all
The NITI Aayog aims to help India to better face complex challenges and setbacks through :
- Elimination of poverty, and the chance for every Indian to live a life of dignity and self-respect
Leveraging of India’s demographic dividend, and realization of the potential of youth, men and women, through education, skill development, elimination of gender bias, and employment
- Policy support to more than 50 million small businesses, which are a major source of employment creation
- Safeguarding of our environmental and ecological assets
- Reddressal of inequalities based on gender bias, caste and economic disparities
- Integrate villages institutionally into the development process