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{{ | {{Short description|Policy of Madhya Pradesh government}} | ||
{{Use dmy dates|date=June 2020}} | |||
{{Infobox project|name=Bhavantar Bhugtan Yojana|launch_date=16 October 2017|motto=To provide compensation to farmers for agricultural products whenever their prices fall below the announced Minimum Support Price (MSP)|state=[[Government of Madhya Pradesh]]|chiefminister=[[Shivraj Singh]]}} | |||
The '''Bhavantar Bhugtan Yojana''' (price difference payment scheme) is a program of the [[Government of Madhya Pradesh]] in which the government compensates farmers for the difference between the official [[Minimum support price (India)|Minimum Support Price]] (MSP) and the rate at which they sell their crops, or the Model Price, whichever is higher.<ref name="LiveMint">{{cite news |last1=Bera |first1=Sayantan |date=30 August 2017 |title=Madhya Pradesh launches new farm scheme to hedge price risks in farming |url=https://www.livemint.com/Politics/uDdclMv4VKUhGvpSEqtmqL/Madhya-Pradesh-launches-new-farm-scheme-to-hedge-price-risks.html |accessdate=12 August 2018 |work=LiveMint}}</ref> | |||
'''Bhavantar Bhugtan Yojana''' | |||
The objective of the scheme is to provide | The objective of the scheme is to provide compensation to farmers for agricultural products whenever their prices fall below the announced Minimum Support Price (MSP), thereby protecting them from losses incurred due to distress sales.<ref>{{Cite news |date=2017-10-30 |title=Bhavantar Bhugtan Yojana: MP CM asks ministers to get feedback |url=https://timesofindia.indiatimes.com/city/bhopal/bhavantar-bhugtan-yojana-mp-cm-asks-ministers-to-get-feedback/articleshow/61347129.cms |access-date=2024-02-09 |work=The Times of India |issn=0971-8257}}</ref> | ||
The scheme was launched by | The scheme was launched by Chief Minister [[Shivraj Singh Chouhan|Shivraj Singh]] on 16 October 2017. In its first year, the state government introduced the scheme for eight crops, mainly in the oilseeds and pulses category. Later, in 2018, the scheme was extended to a total of 13 Kharif crops.<ref>{{Cite news |date=2017-10-16 |title=MP CM launches 'Bhawantar' scheme to douse farm embers |url=https://timesofindia.indiatimes.com/city/bhopal/mp-cm-launches-bhawantar-scheme-to-douse-farm-embers/articleshow/61106499.cms |access-date=2024-02-09 |work=The Times of India |issn=0971-8257}}</ref> | ||
==References== | ==References== | ||
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[[Category:Agricultural finance in India]] | [[Category:Agricultural finance in India]] | ||
[[Category:Agricultural subsidies]] | [[Category:Agricultural subsidies]] | ||
[[Category:Chief | [[Category:Chief ministership of Shivraj Singh Chouhan]] | ||
{{India-agri-stub}} | {{India-agri-stub}} | ||
Latest revision as of 02:29, 19 August 2024
| Bhavantar Bhugtan Yojana | |
|---|---|
| Motto | To provide compensation to farmers for agricultural products whenever their prices fall below the announced Minimum Support Price (MSP) |
| State | [[]] |
| Chief Minister | [[]] |
The Bhavantar Bhugtan Yojana (price difference payment scheme) is a program of the Government of Madhya Pradesh in which the government compensates farmers for the difference between the official Minimum Support Price (MSP) and the rate at which they sell their crops, or the Model Price, whichever is higher.[1]
The objective of the scheme is to provide compensation to farmers for agricultural products whenever their prices fall below the announced Minimum Support Price (MSP), thereby protecting them from losses incurred due to distress sales.[2]
The scheme was launched by Chief Minister Shivraj Singh on 16 October 2017. In its first year, the state government introduced the scheme for eight crops, mainly in the oilseeds and pulses category. Later, in 2018, the scheme was extended to a total of 13 Kharif crops.[3]
References[edit | edit source]
- ↑ Bera, Sayantan (30 August 2017). "Madhya Pradesh launches new farm scheme to hedge price risks in farming". LiveMint. Retrieved 12 August 2018.
- ↑ "Bhavantar Bhugtan Yojana: MP CM asks ministers to get feedback". The Times of India. 30 October 2017. ISSN 0971-8257. Retrieved 9 February 2024.
- ↑ "MP CM launches 'Bhawantar' scheme to douse farm embers". The Times of India. 16 October 2017. ISSN 0971-8257. Retrieved 9 February 2024.
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