The plan for India's economic development prepared in 1945 by M. N. Roy, on behalf of the Indian Federation of Labour, was called the:

The "People's Plan" was prepared in 1945 by M. N. Roy, on behalf of the Post-War Reconstruction Committee of the Indian Federation of Labour.

Main features of the People's Plan:

• It was based on Marxist and socialist ideas.
• It gave the highest priority to agriculture and to the needs of the common people.
• It proposed the nationalisation of land, and the abolition of landlordism.
• It proposed that agriculture should be organised through cooperatives and collective farming.
• It stressed the production of consumer goods for the masses, rather than heavy industry in the early stages.
• It proposed that all productive activities should be owned and controlled by the state.
• It proposed a total investment of about 15,000 crore rupees over ten years, much of it for agriculture.

Other plans of the period:

• The Bombay Plan (1944) was prepared by eight leading industrialists; it proposed rapid industrialisation, with an important role for the state in the early stages.
• The Gandhian Plan (1944) stressed village industries and decentralisation.
• The Sarvodaya Plan (1950) was prepared by Jayaprakash Narayan, on the basis of Gandhian and Sarvodaya ideas.
• Earlier, the National Planning Committee (1938) had been set up by the Congress.

Importance of these plans:

• They showed the growing interest of Indians in planned economic development before Independence.
• They influenced the Five-Year Plans adopted after the setting up of the Planning Commission in 1950.

About M. N. Roy:

• He was a revolutionary and thinker, who later developed the philosophy of "Radical Humanism".
• He founded the Indian Federation of Labour, a trade union body that supported the war effort against fascism during the Second World War.

Why not the other options?

• ✗The Bombay Plan was prepared by industrialists; the Gandhian Plan by Shriman Narayan Agarwal; the Sarvodaya Plan by Jayaprakash Narayan.