Write the importance of subsidies in relevance to Indian farmers.
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- Subsidies provide an incentive to use the new HYV technology for the farmers in general and small farmers in particular.
- Subsidies are needed to encourage the farmers to test the new technology, as farming in India continues to be a risky business.
- Provision of subsidies tries to reduce the inequality between the rich and the poor farmers and facilitates equity to some extent.
- But as far as possible the government should take steps to ensure that the benefits of subsidies reach the poor farmers in the right earnest.
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