What are Agriculture Subsidies
Agricultural Subsidy is an Incentive given to farmers to increase the production.
It is in form of
Free Facility (Example Free Electricity)
Subsidized Facility (Example - Fertilizers at Reduced Prices)
This Subsidy is both good and bad
Are Agricutural Subsidies good or bad?
Benefits of Subsidy
It helps to boost agricultural production
It boost farmers income and hence their standard of living
It made India self sufficent in good
Drawbacks of Subsidy
It leads to over use of resources and waste (Example-Electricity provided free at farms can be misused for personal
It can be damaging to the environment (Example-Too much use of Fertilizers or Pesticides causes water pollution and soil pollution)