This blog has many dimensions and to provide users an opportunity to subscribe by feeds to a particular categories, I was looking for feeds for my labels. After a bit of googling I found this article. It is precisely what you need if you want separate feeds for your labels on Blogger. This feature wasn't present in the old blogger but now its pretty simple to use.
Just go to any feedburner and use the URL below:
http://YOURBLOG.blogspot.com/feeds/posts/default/-/LABELJust change the things in Block letters.
YOURBLOG is your blog name and the label is the label you wish to burn the feed for.
Indeed a Simple, quick and easy feed for you labels :).