The NITI Aayog is at an advanced stage of finalising 3-year action plan and the 15-year vision document for the country, Parliament was informed today. It will also unveil a 7-year strategy document. The government had decided to do away with the practice of preparing annual budgets on the basis of 5-year plans from the current fiscal. Financial year 2016-17 was the terminal fiscal of the 12th Five Year Plan (2012-17).

“The three-year action plan along with 7-year strategy and 15-year vision document is at an advanced stage of finalisation,” Minister of State (Independent Charge) of Planning Rao Inderjit Singh said in a written reply to Rajya Sabha. He said that in accordance with the National Development Agenda, the government had decided to formulate a Vision Document beyond March 31, 2017.