Planning and Development is a continuous process. Achievements made by the nation for improving the life standards of its citizens depend upon how the development process is perceived, implemented and monitored. This is a continuous ongoing process. The faster is the pace of development, better would be the living standard of the people. The process of planning is to set definite targets and to achieve them within a definite period of time. Economic Planning is a way to organize and utilize resources to maximum advantage to achieve national as well as per capita income in the increasing manner over a long period of time. It implies a pre-determined programme and technique and also an optimal utilization of available resources, be it natural or human wealth.