Resource use efficiency and returns to investment in research of pearl millet in Rajasthan

The present study was conducted in Jodhpur and Nagaur districts of Rajasthan under HOPE project funded by BMGF foundation. The average technical efficiency for rain-fed and irrigated farmers was 0.42 and 0.84 respectively. The results revealed that 78.38 percent rain-fed farms were operating at technical efficiency rating of ≤ 0.50 and 35.00 percent. Irrigated farms were found to operate at technical efficiency rating between 0.81 and 0.90. The returns to investment in research analysis revealed that NPV was estimated to be extent of 489.94 million. The internal rate of return to investment in research on pearl millet improvement was estimated to be 28 per cent. The B:C ratio was worked out to be 1.41 indicating that returns to investment in research on pearl millet improvement and release of HHB 67-Improved was highly profitable research investment contributing to the economic welfare to the society.