Subsidies primarily based on outcomes instead than enter-oriented would be the most effective way to go forward for promoting innovation, experts explained, while collaborating in a panel dialogue at the BusinessLine Agri Summit right here on Friday.
“Outcome-primarily based subsidies can be a driver for bringing in technological innovation into Indian farming. For example, Nabard before made use of to give jobs which are enter-oriented. Now, Nabard transformed it. Now, its jobs insist on outcomes and the renumeration is now joined to the final result,” explained M L Jat, Principal Scientist and Systems Agronomist at the Worldwide Maize and Wheat Improverment Middle.
“When we speak about technological innovation, the perception we have is that technological innovation could be panacea for agriculture. That is not essentially the circumstance. There are quite a few stakeholders in agriculture. Prioritisation is critical when technological innovation is believed of,” explained Sandeep Malhotra, Chief Executive Officer