Dewas, Nov 13 (NationPress) Chief Minister Dr Mohan Yadav on Thursday initiated the transfer of Rs 233 crore directly into the bank accounts of nearly 1.33 lakh soyabean farmers through the Bhavantar Bhugtan Yojana. This initiative ensures that farmers receive the full minimum support price (MSP) even amidst lower market rates.

The event held in Dewas underscored Madhya Pradesh's dedication to farmer welfare in the nation’s largest soybean-producing state, often referred to as the ‘soya bowl’.

This scheme addresses the difference between the MSP of Rs 5,328 per quintal and the current mandi rate, which is around Rs 4,036 per quintal. Farmers utilizing registered mandis are compensated for the difference—approximately Rs 1,300 per quintal—via Direct Benefit Transfer (DBT).

So far, the state has procured 2.70 lakh tonnes of soybean from over 1.60 lakh farmers. Daily model rates are announced to ensure transparency in the process.

With 9,36,353 farmers enrolled in the scheme, an AI-powered portal monitors mandi arrivals, computes weighted average prices in real-time, and facilitates automatic DBT disbursements within 48 hours of sale verification.

“This system eliminates delays and middlemen,” noted a senior agriculture official.

Utilizing satellite imagery and mobile applications for crop mapping allows for precise targeting of beneficiaries throughout the Malwa-Nimar black cotton soil belt.

In his address to farmers, Dr Yadav reiterated the scheme’s launch in September, designed to protect growers from market fluctuations. “Madhya Pradesh firmly stands with its annadata (farmers). Every quintal sold will ensure full MSP value,” he promised.

The government also aims to enhance AI-driven price forecasting to anticipate global soy trends and guide sowing patterns for the next season.

In a related announcement, the Chief Minister unveiled the Samadhan Yojana, which offers up to 100 percent waiver on surcharges for over nine million electricity consumers with overdue bills exceeding three months.

Targeting domestic, non-domestic, agricultural, and industrial users, this one-time settlement scheme seeks to clear legacy dues and restore consistent power supply, especially vital for rural irrigation.

Farmers at the Dewas event expressed their gratitude for the two initiatives.

“The Bhavantar funds arrived within days, and now our electricity concerns are resolved,” remarked Raja Singh, a farmer from Ujjain.

The state aims for complete procurement coverage by December, incorporating advanced AI analytics to identify fraudulent claims through Aadhaar-linked biometric validation at mandis. Madhya Pradesh’s tech-savvy support model for farmers is attracting attention from neighboring states, reaffirming its leadership in agritech governance.