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Title: Understanding the Factors Behind MSP Increase and How It

Information about Bhavantar Yojna

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Bhavantar Yojana is a price protection scheme launched by the government of Madhya Pradesh to help farmers alleviate the agricultural distress. The scheme was launched in September 2017 and aimed to provide relief to the farmers who grow crops that suffer from losses in market prices. The Bhavantar Yojana scheme offers a price differential amount to the farmers who sell their produce at prices lower than the Minimum Support Price (MSP).

The government sets MSP every year to provide a cushion against price fluctuations and to ensure remunerative prices to farmers for their produce. Crop diversification is a key motive behind the Bhavantar Yojana, as the government wants to encourage farmers to grow crops other than wheat and paddy. Under this scheme, farmers can claim the price difference between the MSP and the market price, up to a pre-fixed limit.

The farmer is required to sell the produce in a mandi or any notified procurement centre to get the benefit of the scheme. The farmer has to register within three days of sowing at the dedicated portal of the government or the Kisan Seva Kendra. Once registered, the farmer can track the prices of the crops on a daily basis and decide when to sell the produce.

The scheme covers 23 crops, including soybean, urad dal, moong dal, groundnut, til, maize, garlic, onion, tomato, chili, brinjal, and others. The state government has allotted Rs 5,000 crore for the scheme in its budget.

The Bhavantar Yojana is considered a revolutionary step by the government to provide relief to farmers who bear the brunt of losses due to market prices. In addition to this, the scheme aims to promote crop diversification and encourage farmers to grow crops other than wheat and paddy.

To conclude, Bhavantar Yojana has emerged as a cornerstone of the government’s efforts to provide long-term solutions to the problems faced by farmers. The scheme has played a critical role in elevating the agricultural sector in the state and improving the lives of those associated with it. However, to make it more effective, the government has to ensure transparency and smooth implementation of the scheme to reach the desired results.

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