while subsidies encourage farmers to use new technology, they are a huge on govt. Discuss the usefulness of subsidies in the light of this fact.
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Answer:it has been rightly said that subsidies encourage farmers to use new technology but they are also a huge burden on government finance.
points for usefulness of subsidies are:
1) subsides help in encouraging farmers to use new and innovative technology.
2) in india more than 50% of farmers are very poor and can not afford new technology in their farming activity. in this regard, government can help them by providing subsidies.
3) the application of new technology in farming will increase the total output of agriculture products in developing nation.
4) the abolishment of subsidies will violate the goal of equity because it rises difference between rich and poor farmers in india.
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