Outcome-based subsidies are vital for innovation: Experts

Jannie Delucca

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

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Spark Yellow Revolution to boost cultivation of oilseeds: Nasim Ali

Jannie Delucca

The govt should established in motion a yellow revolution to strengthen oilseeds cultivation in the country to meet up with the expanding edible oils demand from customers, claimed Nasim Ali, CEO, Oil Palm Plantations Business enterprise, Godrej Agrovet.

“Since we already have a environmentally friendly, white, blue revolutions, it is large time to go for a yellow revolution to help the country to come to be self-sustainable in edible oil production”, he claimed while addressing a panel discussion on “Balancing farm efficiency and sustainable agriculture” in the BusinessLine Agri Summit in this article on Friday.

“We are now importing all over 150 lakh tonnes of edible oil valued at all over ₹77,000 crore, which is creating a intense drain to the exchequer,” he claimed.

The average vegetable oil seed generation in India is .3 tonnes  for each hectare for each yr  compared to the Asian average of one.2  tonnes for

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