Will MP CM Transfer Rs 300 Crore for 1.32 Lakh Farmers Under 'Bhavantar Scheme' on November 13?
Synopsis
In a significant move for farmers, Madhya Pradesh Chief Minister Mohan Yadav is set to release Rs 300 crore under the 'Bhavantar Bhugtan Yojana' on November 13. This initiative will benefit 1.32 lakh farmers affected by fluctuating market prices. The event will take place in Dewas district, promising essential financial support and stability for the agricultural community.
Key Takeaways
Rs 300 crore fund release for farmers.
1.32 lakh farmers to benefit from the scheme.
Event scheduled for November 13 in Dewas district .
Compensation for market price discrepancies.
Implementation of Direct Benefit Transfer .
Bhopal, Nov 10 (NationPress) On November 13, Madhya Pradesh Chief Minister Mohan Yadav will initiate the release of the initial installment of funds under the state government's 'Bhavantar Bhugtan Yojana' for farmers who have sold their soyabean crops. This event is set to take place in Dewas district.
During a recent Cabinet meeting, Chief Minister Mohan Yadav disclosed this update, as relayed by Madhya Pradesh's Micro, Small, and Medium Enterprises (MSME) Minister Chetanya Kumar Kashyap to the media.
Minister Kashyap announced that Rs 300 crore will be credited to the bank accounts of 1.32 lakh farmers who sold their soyabean crops and are registered under the 'Bhavantar Bhugtan Yojana'.
The state government has reportedly procured approximately 2.70 lakh tonnes of soyabean from over 1.60 lakh farmers throughout Madhya Pradesh. Each farmer is expected to receive around Rs 1,300 per quintal for their yield, deposited directly into their bank accounts on November 13.
The government is acquiring soyabean at the 'mandi' rate (market prices that fluctuate daily). The current price is pegged at Rs 4,036 per quintal, against the minimum support price set at Rs 5,328 per quintal for this year.
The minister elaborated that the government has formulated an average mandi rate for the soyabean crop and will directly transfer the price differential into farmers' accounts through Direct Benefit Transfer (DBT).
It is important to note that earlier in September, Madhya Pradesh Chief Minister Mohan Yadav announced the implementation of the 'Bhavantar Bhugtan Yojana' for soybeans this year, which aims to pay farmers the “differential” amount between the market price and the minimum support price.
As the largest soybean-producing state in India, Madhya Pradesh is often referred to as the ‘soya bowl’, with the Malwa region recognized as a key area due to its rich black cotton soil.
Point of View
I believe that the 'Bhavantar Bhugtan Yojana' is a commendable step towards supporting farmers in Madhya Pradesh. By addressing the financial challenges posed by market volatility, the initiative fosters a sense of stability within the agricultural community. This aligns with our nation's commitment to bolster the livelihoods of farmers, particularly in key agricultural regions like Madhya Pradesh.
NationPress
2 May 2026
Frequently Asked Questions
What is the 'Bhavantar Bhugtan Yojana'?
The 'Bhavantar Bhugtan Yojana' is a government scheme designed to compensate farmers by paying them the difference between the market price and the minimum support price for their crops.
How much money will be transferred to farmers?
A total of Rs 300 crore will be disbursed to 1.32 lakh farmers under this scheme.
When will the funds be released?
The first installment of funds will be released on November 13 .
Who will benefit from this scheme?
Farmers who have sold their soyabean crops and are registered under the 'Bhavantar Bhugtan Yojana' will benefit from this scheme.
Why is this program important?
This program aims to provide financial relief to farmers by ensuring they receive fair compensation amidst fluctuating market prices.
