This move from FM was certainly to strengthen the UPA's votebank. But i think this would benefit indian economy on a long run. The indian GDP has been hovering around 8-9% for past few years inspite of double digit growth from the industrial sector. Agriculture is growing at 3% every year and this is holding back the GDP. Now if this policy is implemented then farmers will surely benefit and agriculture will grow at a better pace. Considering industrial growth has slowed down its very important for agricultural sector to show better performance if India has to sustain the GDP.

Having said that it will be very important to important for UPA to implement this before the elections next year if they don't want to sit as opposition.