History of Development Plan In Nepal, systematic attempts to ameliorate the financial situation were initiated shortly after 2007 BS. A 20-year plan was announced during Prime Minister Juddha Shamsher's Rana system of government. The National Planning Committee was established in 1949 in order to specify the 15-year Plan. A distinct Ministry of Planning and Development was established in 1952. With the First Plan's implementation in 2013 BS, economic planning in Nepal got underway. Nepal has completed fourteen periodic plans thus far and launched the Fifteenth Five Year Plan. Vision of Fifteenth Development Plan The vision of the fifteenth plan is to encourage the nation's prosperity, development, and good governance. "Prosperous Nepal, Happy Nepali" (" समृद्ध नेपाल , सुखी नेपाली ") is the primary motto of the current 15th five-year plan. The plan focuses on establishing equitable opportunities for all citizens of Nepal and making the country a...

A.    The Least Developed Countries Low real per capita income, pervasive poverty, low literacy rates, short life expectancies, resource underutilization, and susceptibility to environmental and economic shocks are characteristics of least developed countries, often known as undeveloped countries. A significant portion of the populace in an underdeveloped economy cannot afford adequate standards of living. The Underdeveloped nations are typically characterized by: Low level of living, economic growth rate, and per capita income High economic inequality or an unequal distribution of wealth and income Significant reliance on the agricultural sector and an antiquated industrial structure The rapid population growth rate, high rates of unemployment, and underemployment Large imports and little exports Lack of funding, technology, and technical expertise A poverty cycle characterized by inadequate social and physical infrast...