Over 1.25 lakh farmers in Madhya Pradesh receive a significant gift, with the government depositing ₹249 crore into their accounts.
Bhavantar - The state government has given a significant gift to the farmers of Madhya Pradesh. ₹249 crore has been deposited into their accounts. This amount has been given to soybean farmers under the Bhavantar Yojana (Bhavantar Yojana). Over 1.25 lakh farmers in the state will benefit from this. Chief Minister Dr. Mohan Yadav transferred the Bhavantar Yojana amount to farmers across the state with a single click. He deposited the Soybean Bhavantar Yojana funds into the farmers' accounts at a program held in Gautampura, Depalpur Assembly constituency, Indore. Prior to this, CM Mohan Yadav held a road show in Gautampura, which attracted a large crowd. The public welcomed the CM with flowers.
The Bhavantar Yojana 2025 has been implemented to ensure that soybean farmers in the state receive the benefits of the Minimum Support Price (MSP) under this scheme. Under this scheme, the state government has guaranteed the MSP for soybean farmers. In the event of soybean prices falling below the Minimum Support Price (MSP) in the markets, the state government will pay the remaining amount.
In Gautampura, Chief Minister Mohan Yadav transferred ₹249 crore under the Soybean Price Difference Payment Scheme. This amount was deposited into the bank accounts of a total of 134,000 farmers in the state. Along with transferring the funds to farmers' accounts, the Chief Minister inaugurated and performed groundbreaking ceremonies for various development projects.
Model Rate of ₹4,265 per quintal on November 26
On November 26, a model rate of ₹4,265 per quintal was released under the Price Difference Scheme. This model rate is for farmers who sold their soybeans in the market. The price difference amount will be calculated based on this model rate. The difference between the model rate and the minimum support price is being provided by the state government.
It should be noted that the first model rate for soybean was released on November 7 at ₹4,020 per quintal. Similarly, the model rates were released at Rs 4033 per quintal on November 8, Rs 4036 on November 9 and 10, Rs 4056 on November 11, Rs 4077 on November 12, Rs 4130 on November 13, Rs 4184 on November 14, Rs 4225 on November 15, Rs 4234 on November 16, Rs 4236 on November 17, Rs 4255 on November 18, Rs 4263 on November 19, Rs 4267 on November 20, Rs 4271 on November 21, Rs 4285 on November 22, Rs 4282 on November 23 and 24 and Rs 4277 per quintal on November 25. Under the scheme, the state government guarantees that farmers will receive the minimum support price of Rs 5328 per quintal for soybean under all circumstances.
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