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Bhavantar Yojana: An Overview
Bhavantar Yojana is a government scheme that was introduced in the Indian state of Madhya Pradesh in 2017. The aim of this scheme is to help farmers get a fair price for their crops, irrespective of market conditions. Under this scheme, the government compensates farmers for any loss they may incur due to the fluctuation in crop prices in the market.
How does Bhavantar Yojana work?
Bhavantar Yojana works in the following way:
Step 1: The government sets a minimum support price (MSP) for various crops like soybean, urad, tur, and moong.
Step 2: When the market price for a particular crop falls below the MSP, the farmer can register for the Bhavantar Yojana scheme.
Step 3: Once the farmer registers, the government pays the difference between the MSP and the market price directly into the farmer’s bank account within a specified timeframe.
Who is eligible for Bhavantar Yojana?
The eligibility criteria for Bhavantar Yojana are as follows:
1. Only registered farmers are eligible for this scheme.
2. The farmer must have sold the crops in a mandi or a government-sanctioned procurement center.
3. The farmer must sell the crops at the government-decided minimum support price.
4. The farmer must have a bank account in his/her name.
What are the benefits of Bhavantar Yojana?
The benefits of Bhavantar Yojana are as follows:
1. This scheme ensures that farmers get a fair price for their produce.
2. It provides financial security to farmers by compensating them for any loss they may incur due to the fluctuation in crop prices.
3. This scheme reduces the dependency of farmers on private traders who can exploit them by offering low prices for their crops.
4. It encourages farmers to diversify their crops and helps in increasing the productivity of the agricultural sector.
Conclusion
Bhavantar Yojana is a step taken by the government of Madhya Pradesh to support the farmers. By implementing this scheme, the government is trying to ensure that farmers get a fair price for their crops and are not affected by market fluctuations. This scheme is a step toward making agriculture a profitable sector and ensuring the financial security of farmers.