As an AI language model, I can provide a brief on Bhavantar Yojana, the agriculture scheme of the Madhya Pradesh government. The Bhavantar Yojana was introduced to support farmers by compensating them for the price difference between the Minimum Support Price (MSP) and market price. The scheme was initiated in 2017 to protect farmers from market fluctuations and ensure that they receive a fair price for their produce.
Under the Bhavantar Yojana, the government collects data on the prevailing market prices for various crops, along with the MSP. Farmers sell their crops in the market and register with the government to receive compensation for any difference between the MSP and the market price. The government then transfers the difference amount directly to the farmers’ bank accounts.
The scheme is primarily focused on oilseeds and pulses, which are the major crops grown in Madhya Pradesh. The government has allocated a budget of Rs. 3,500 crores for this scheme to benefit around 18.5 lakh farmers in the state. Currently, the government is working on further expanding the scope of this scheme to include other crops as well.
In conclusion, the Bhavantar Yojana is an excellent step towards ensuring that farmers receive a fair price for their produce. By compensating them for price differences, the government is supporting their livelihoods and encouraging them to continue farming. It is an excellent initiative, and hopefully, it will be implemented successfully, further increasing the number of beneficiaries.