Mukhyamantri Bhavantar Bhugtan Yojana is a scheme launched by the Madhya Pradesh government to help farmers. Under this scheme, the government promises to pay the difference between the minimum support price (MSP) and the market price for selected crops, directly to the farmer’s bank account.
The scheme aims to reduce crop losses for farmers and promote a shift towards crop cycle management. It also promotes crop diversification by offering fiscal incentives to farmers willing to switch to less water-intensive crops.
This scheme applies to 8 crops – soybean, urad, groundnut, sesame, ramtil, maize, moong and arhar. Farmers who have registered for the scheme can sell their crops in the market at a price lower than MSP and the government will deposit the difference amount directly into their bank account.
The government also aims to provide training and assistance to farmers on how to use the MSP and how to sell their produce in the market. They are also looking to establish a digital platform where farmers can learn about modern farming techniques, crop management practices, and marketing strategies.
The scheme has been well received by farmers in Madhya Pradesh as it has offered them a much-needed buffer against the volatility of market prices. The scheme has also helped to reduce farmer distress by providing them with a reliable source of income.
In conclusion, the Mukhyamantri Bhavantar Bhugtan Yojana is a well-thought-out scheme that has brought relief to farmers in Madhya Pradesh. The government’s commitment to provide ongoing support to farmers is crucial, and it will be interesting to see how the scheme evolves over time.