ANALYSING THE EFFECTIVENESS OF SUBSIDIES AND FINANCIAL INCENTIVES ON THE PRODUCTION OF GLORIOSA SUPERBA SEEDS

This study explores the economic viability, demographic characteristics, and the role of government subsidies in the cultivation of Gloriosa superba (Kanvali seed), a medicinal plant of significant commercial and pharmaceutical value. Primary data collected from 132 farmers indicate that cultivation is predominantly practiced by young adults and graduates, with small to medium-scale farming being most common. Initial production costs typically range from ₹3 to ₹5 lakhs per acre. Despite moderate awareness of schemes like the National AYUSH Mission (NAM), PM-Kisan, and PMFBY, statistical analysis revealed no significant correlation between educational background and awareness, nor between subsidy support and the scale of farming. These findings suggest that current financial aid mechanisms have limited impact on expanding cultivation. The study recommends enhanced awareness programs and more efficient subsidy distribution systems to promote sustainable growth in Gloriosa superba farming.