Gadgil formula is concerned with:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. distribution of Central Assistance among the state.
- The Gadgil formula is concerned with the distribution of Central Assistance among the states.
- It is a mechanism used by the central government in India to determine the allocation of plan assistance (financial grants) for state development plans.
- The formula was first adopted in 1969 to promote fairness and objectivity in the distribution of resources. Key criteria in the formula include population, per capita income, fiscal management, and special problems of the states.
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The Gadgil formula is named after Dhananjay Ramchandra Gadgil, an eminent social scientist.
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He was the first critic of Indian planning, emphasizing equitable resource distribution.