Outcome-based subsidies are vital for innovation: Experts

Subsidies based mostly on outcomes relatively than enter-oriented would be the ideal way to go forward for advertising innovation, gurus mentioned, though participating in a panel discussion at the BusinessLine Agri Summit listed here on Friday.

“Outcome-based mostly subsidies can be a driver for bringing in technological know-how into Indian farming. For example, Nabard before utilised to give projects which are enter-oriented. Now, Nabard changed it. Now, its projects insist on outcomes and the renumeration is now connected to the final result,” mentioned M L Jat, Principal Scientist and Systems Agronomist at the Intercontinental Maize and Wheat Improverment Centre.

“When we speak about technological know-how, the impression we carry is that technological know-how could be panacea for agriculture. That is not necessarily the situation. There are lots of stakeholders in agriculture. Prioritisation is key when technological know-how is considered of,” mentioned Sandeep Malhotra, Main Govt Officer of IFFCO Kisan, though

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