Bhavantar Bhugtan Yojana
| Bhavantar Bhugtan Yojana | |
|---|---|
| Motto | To provide compensation to farmers for agricultural products whenever their prices fall below the announced Minimum Support Price (MSP) |
| State | Government of Madhya Pradesh |
| Chief Minister | Shivraj Singh |
| Launched | 16 October 2017 |
The Bhavantar Bhugtan Yojana (price difference payment scheme) is a program of the Government of Madhya Pradesh in which the government compensates farmers for the difference between the official Minimum Support Price (MSP) and the rate at which they sell their crops, or the Model Price, whichever is higher.[1]
The objective of the scheme is to provide compensation to farmers for agricultural products whenever their prices fall below the announced Minimum Support Price (MSP), thereby protecting them from losses incurred due to distress sales.[2]
The scheme was launched by Chief Minister Shivraj Singh on 16 October 2017. In its first year, the state government introduced the scheme for eight crops, mainly in the oilseeds and pulses category. Later, in 2018, the scheme was extended to a total of 13 Kharif crops.[3]
References
[edit]- ^ Bera, Sayantan (30 August 2017). "Madhya Pradesh launches new farm scheme to hedge price risks in farming". LiveMint. Retrieved 12 August 2018.
- ^ "Bhavantar Bhugtan Yojana: MP CM asks ministers to get feedback". The Times of India. 30 October 2017. ISSN 0971-8257. Retrieved 9 February 2024.
- ^ "MP CM launches 'Bhawantar' scheme to douse farm embers". The Times of India. 16 October 2017. ISSN 0971-8257. Retrieved 9 February 2024.
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