An agricultural subsidy is a government incentive paid to, agricultural organizations to supplement their income, manage the supply of agricultural commodities, and influence cost and supply.
agriculture production incentives subsidies are considered to be the most powerful instruments for accelerating the growth of agricultural production. Spreading awareness is important to increase the living standard if farmers and to avoid loss.
▪︎Rashtriya Krishi Vikas Yojana (RKVY)- Government offers a 100% subsidy depending on the ongoing project. Further, aims to assist the advancement of the farming sector.
▪︎NABARD loans in India – Offers every farmer the opportunity to purchase necessary machines, importantly tractors. However, they expect a down payment of 15% of the tractors or machinery cost