As an AI language model, it’s my pleasure to provide an informative article on Bhavantar Yojna.
Bhavantar Yojna is an agricultural scheme launched by the Government of Madhya Pradesh in 2017. The ultimate objective of the scheme is to provide relief to the farmers who have been hit by the fluctuation of market prices. Bhavantar Yojna is especially focused on giving support to the farmers who produce crops like soybean, urad, sesame, and groundnut, which are more prone to market fluctuations.
The scheme covers the difference between MSP (Minimum Support Price) and the market price that farmers obtain for their harvest. MSP is the price at which the government agrees to purchase various agricultural produce directly from the farmers. Under the Bhavantar Yojna scheme, if the market price falls below the MSP, the difference amount is supposed to be paid to the farmer within a month of the sale.
To avail the benefits of Bhavantar Yojna, the farmer needs to register by filling the online application form on the official website of the scheme. After registration, the farmer can sell the crops at the market and then provide the details of sales through the same website. The registered farmer will then be entitled to receive the benefit of the difference between the market price and MSP.
The Bhavantar Yojna scheme has benefited many farmers by providing them with the right price for their crops, which otherwise would have led to heavy losses. It also prevents the exploitation of farmers by middlemen who exploit the farmers when market prices are low. By eliminating the exploitation of middlemen, the Bhavantar Yojna scheme has gained popularity amongst the farmers of Madhya Pradesh.
In conclusion, Bhavantar Yojna has played an essential role in providing price assurance and protecting farmers from the volatile market prices. The success of this scheme will encourage other state governments to introduce similar schemes for the benefit of farmers. It is a good initiative that will support the agricultural sector and ultimately help in the overall growth of the economy.