National Academy of Agricultural Sciences (NAAS)
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PRINT ISSN : 2319-7692 Online ISSN : 2319-7706 Issues : 12 per year Publisher : Excellent Publishers Email : editorijcmas@gmail.com / submit@ijcmas.com Editor-in-chief: Dr.M.Prakash Index Copernicus ICV 2018: 95.39 NAAS RATING 2020: 5.38 |
Agriculture plays an important role in Indian economy. Agriculture sector has seen a consistent and significant growth in terms of technology and innovation which has helped India to become food exporter. However, when the focus was on improving production, the environmental aspect was forgotten. Now, government is focusing on policies and initiatives that would help in increasing agriculture production along with sustainable development. Promotion of solar irrigation pump is among one of those policies. Provision of heavy subsidies and schemes on adoption of solar pumps has increased their affordability. Because of increased affordability of solar pumps after subsidies, popularity of solar pump has increased in Rajasthan which has resulted in an increased rate of adoption. Considering the importance of solar pumps in future, this study was conducted to analyse the economic viability and costs incurred in solar pump installation. Payback period, NPV, BCR and IRR were used in the analysis.
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