indian economy notes for 9 February 2026

by Vajiram & Ravi - 9 February 2026

Vajiram & Ravi provides Daily indian economy notes for 9 February 2026, tailored for aspirants. We cover all relevant news and events crucial for the exam, ensuring you stay updated & well-prepared.

Karve Committee, About, Aim, Recommendations, Key Details

February 9, 2026
Karve Committee

The Karve Committee was set up by the Planning Commission in 1955 to study the development of village and small-scale industries in India. It aimed to promote rural employment, use local resources and support balanced economic growth.

Karve Committee

  • The Karve Committee, also known as the Village and Small Scale Industries Committee, was set up by the Planning Commission in 1955 under the chairmanship of Prof. D.G. Karve.
  • Its main aim was to promote the growth of village and small-scale industries so that industrial development could also support rural areas and employment generation, especially during the period of the Second Five Year Plan (1956–61).

Karve Committee Recommendations

The Karve Committee strongly recommended the promotion of village and small-scale industries

  • Gave priority to village and small-scale industries for rural development.
  • Recommended labour-intensive industries to create more employment in villages.
  • Suggested use of local raw materials and traditional skills.
  • Supported reservation of certain products for small-scale industries to protect them from big industries.
  • Recommended government support like low-interest loans and tax concessions.
  • Aimed to reduce migration from rural areas to cities.

Promoted balanced and decentralized industrial growth in India.

Karve Committee FAQs

Q1: What is the Karve Committee?

Ans: The Karve Committee was set up in 1955 by the Planning Commission to study and promote village and small-scale industries in India.

Q2: Who chaired the Karve Committee?

Ans: The committee was chaired by Prof. D.G. Karve

Q3: Why was the Karve Committee formed?

Ans: It was formed to promote rural employment, reduce poverty and ensure that industrial development also benefited villages.

Q4: Which Five Year Plan is linked with the Karve Committee?

Ans: Its recommendations were closely linked with the Second Five Year Plan (1956–61).

Q5: What type of industries did the Karve Committee support?

Ans: It supported village and small-scale industries, especially labour-intensive industries.

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