Timely and adequate credit facilities to farmers helped them in procuring the package of inputs required for use on the fields, resulting in increased agricultural production.
This increased the farmers' earnings as the agriculture now became commercial.
It increased productivity of land.
India attained self-sufficiency in food grains and reduced its dependence on imports.
The new agricultural strategy implied use of better and improved inputs of agriculture which required more capital.
Green Revolution would have benefited only the rich farmers if the government had not played an important role in ensuring that the small farmer also gains from the new technology. The government provided loans at low rate of interest. The fertilizers and high yielding varieties of seeds were subsidised.
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While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.