Explanation : Vision, Strategy and Three Year Action Agenda of NITI Aayog: The 12th and last five year plan of India was completed on March 31, 2017. With this, the five year plans have become a thing of past. It was already announced that there will be no more five year plans. In August, 2017, NITI Aayog has come up with a new idea of planning for future development of India. The core idea is that India has still not abandoned the process of planning and the county still has planned development in action. However, the only difference is that the process of planning is entirely different. The first major difference is that instead of a single five year plan, the country will have three plans spread over three different time periods. ∎ First is a 15 year “Vision” that encompasses overall goals and objectives of the country for next 15 years. ∎ Second is a 7 year “Strategy” which lays the roadmap of development for next seven years dividing those goals and objectives into two parts. ∎ Third and Final is a “Three Year Action Agenda” which states the tasks and targets to be accomplished in next three years time frame, further dividing the strategy into two parts. NITI Aayog was in process of working out the above plan since May, 2016. A draft was placed in third Governing Council meeting of NITI Aayog on April 23, 2017. Governing Council of NITI Aayog comprises of all States Chief Minister, so the central government including prime minister accord it much priority.