Agriculture has been and will continue to be the life line of an Indian economy. Economic growth of the country largely dependent on agriculture. After independence, government has implemented numbers of developmental programmes. Result of this India experienced an impressive growth and productivity gains in agriculture. Despite production and productivity in agricultural increased, economic condition of the farmers not improved in that order. Distress among the agrarian communities prevailed across the country. The obvious reason is the past strategy for development of the agriculture focused primarily on raising agriculture output and improving food security rather than farmer welfare-centred approach.It is clear that farmers are at the epicenter of Indian economy. Farmers’ income is the most relevant measure to assess farmers' economic wellbeing and sectorial transformation. Therefore, there is needs special focus on farm income through productivity enhancement coupled with cost reduction, better price realization and income risk coverage.