Indian economy is predominantly an agrarian economy and its prosperity depends upon the progress of agriculture. So agriculture sector is considered as the backbone of our national economy. Various incentives have been provided for accelerating the growth of agricultural production. Among them, subsidies are considered to be the most powerful ones. Provision of agricultural subsidies is made not only in developing countries like India, but in developed countries of the West also. The social justification of the subsidies lies in the fact that they should be equally distributed among the...