<P> State electricity boards and state secondary education boards were formed . States were made responsible for secondary and higher education . State road transportation corporations were formed and local road building became a state responsibility . </P> <P> The target growth rate was 5.6%, but the actual growth rate was 2.4% . </P> <P> Due to miserable failure of the Third Plan the government was forced to declare "plan holidays" (from 1966--67, 1967--68, and 1968--69). Three annual plans were drawn during this intervening period . During 1966--67 there was again the problem of drought . Equal priority was given to agriculture, its allied activities, and industrial sector . The government of India declared "Devaluation of Rupee" to increase the exports of the country . The main reasons for plan holidays were the war, lack of resources, and increase in inflation after that plan holiday was created . </P> <P> At this time Indira Gandhi was the Prime Minister . The Indira Gandhi government nationalised 14 major Indian banks and the Green Revolution in India advanced agriculture . In addition, the situation in East Pakistan (now Bangladesh) was becoming dire as the Indo - Pakistan War of 1971 and Bangladesh Liberation War took funds earmarked for industrial development . India also performed the Smiling Buddha underground nuclear test (Pokhran - 1) in Rajasthan on May 18, 1974, partially in response to the United States deployment of the Seventh Fleet in the Bay of Bengal . The fleet had been deployed to warn India against attacking West Pakistan and extending the war . </P>

Which period of the five year plan is called plan holiday