The correct answer is Option 3: Strengthening of capital market.

Inclusive growth, as enunciated in the 11th Five Year Plan, is a concept that aims to achieve growth that is broad-based and benefits all sections of society, particularly the marginalized and vulnerable groups. It seeks to ensure that the benefits of economic development reach all segments of the population, reducing poverty and inequality.

Let`s examine each option in detail:

Option 1: Reduction of poverty - This is a key objective of inclusive growth. The 11th Five Year Plan emphasized poverty reduction as a central goal, aiming to uplift the poor and provide them with access to essential services such as education, healthcare, and social welfare schemes. The plan included measures to increase income generation, improve agricultural productivity, and provide employment opportunities to the poor.

Option 2: Extension of employment opportunities - Another essential component of inclusive growth is the creation of employment opportunities. The 11th Five Year Plan recognized the importance of employment generation for inclusive growth and emphasized the need for inclusive growth to be accompanied by productive employment opportunities. The plan outlined strategies to promote skill development, enhance employability, and support entrepreneurship to ensure that the benefits of growth are shared among the population.

Option 3: Strengthening of capital market - This option does not align with the concept of inclusive growth as defined in the 11th Five Year Plan. While a robust capital market is important for overall economic development, it is not directly linked to inclusive growth. The focus of inclusive growth is on equitable distribution of resources and opportunities, rather than strengthening financial markets. However, it is worth noting that a well-functioning capital market can indirectly support inclusive growth by providing access to capital for businesses, which can lead to job creation and economic development.

Option 4: Reduction of gender inequality - The 11th Five Year Plan recognized the importance of gender equality as an integral part of inclusive growth. It aimed to reduce gender disparities in education, health, employment, and political representation. The plan highlighted the need to empower women economically, socially, and politically to ensure their full participation in and contribution to the development process.

In conclusion, the option that does not align with the concept of inclusive growth as enunciated in the 11th Five Year Plan is Option 3: Strengthening of capital market. The plan focused on reducing poverty, extending employment opportunities, and reducing gender inequality as key elements of inclusive growth.