India after Independence was recovering from the implications of being under foreign rule. The initial years saw low productivity, coupled with wars with neighbours China and Pakistan and natural disasters such as famines for two consecutive years. India was over reliant on US for import of food grains under the PL 480 law. On being denied the assistance, India devised a plan to attain self-sufficiency in crop production by importing more than 18000 tonnes of High Yield Variety or HYV from Mexico. This resulted in significant crop production the following year which ended India’s reliance on grain imports. It is known as Green Revolution.
Benefit to Farmers:
1. Increase in income followed green revolution as most of the areas that cultivated wheat and rice were witnessing great production which helped in removing poverty from these areas.
2. With the increase in production of crops, the old age customs were abolished and the farmers began to adopt new agricultural methods which were instrumental in bringing the change in productivity.
3. It helped reduce unemployment as the lands were used for growing two varieties of crop as per season and therefore it helped removed seasonal unemployment.
4. With nationalising of banks farmers were given subsidy on loans for cultivation, it improved production as more farmers were able to take a loan.