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Abstract
Agriculture plays an important role in the economic growth of our country. Almost all the activities revolve round agriculture. It provides employment to around 60 per cent of the total workforce in the country. Extremities in climate and variety of soil condition have made possible the cultivation of every item. Introduction of new high yielding varieties after the spread of Green Revolution in the late sixties resulted in record of food grains production. For stimulating agriculture production and attaining self-sufficiency the government provides various incentives together with price supporting schemes. Among the agriculture production incentives, subsidies are considered to be the most powerful instruments for accelerating the growth of agricultural production.