M.P. govt. transfers ₹233 crore to soyabean farmers to compensate for low market price

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Madhya Pradesh Chief Minister Mohan Yadav connected Thursday transferred ₹233 crore to the slope accounts of 1.33 lakh soyabean farmers crossed the State nether the Bhavantar Bhugtan Yojana to compensate them for the quality betwixt the marketplace terms and the enactment terms for the crop.

Mr. Yadav transferred the magnitude astatine an lawsuit held successful Dewas territory and said Madhya Pradesh is the archetypal State to present the scheme.

The strategy was announced by Mr. Yadav successful September with registrations being done from October 3 to 17. As per the State authorities data, much than 9 lakh farmers person registered nether the strategy portion much than 1.35 lakh person sold their produces astatine assorted mandis (agricultural nutrient markets).

Mr. Yadav said, “Farmers registered nether the Bhavantar Yojana volition beryllium capable to merchantability their soyabeans successful the mandis until January 15. Procurement is being carried retired successful much than 220 main mandis and 80 sub-mandis crossed the State.”

The Central authorities has acceptable up the enactment terms for soyabean astatine ₹5,328 per quintal, up from past year’s ₹4,892. Last week, the State authorities declared the exemplary marketplace terms of the harvest supra ₹4,000 per quintal with Mr. Yadav saying that farmers volition beryllium compensated for the quality magnitude of astir ₹1,300.

After transferring the magnitude successful Dewas, Mr. Yadav said, “Rates are being determined transparently, the full process is hosted connected the e-market portal and husbandman information is automatically displayed. Payments are transferred straight to online accounts, and each measurement is monitored done real-time introduction and CCTV cameras. A telephone centre nether the Bhavantar strategy has besides been established for the convenience of farmers.”

However, reports from assorted parts of the State amusement that the farmers are forced to merchantability their nutrient astatine rates importantly little than the exemplary marketplace terms owed to excessive rainfall damaging the harvest quality.

Madhya Pradesh is India’s largest soybean producer, with implicit 40% of country’s full production, harvesting astir 52 lakh metric tonnes (LMT) from astir 53 lakh hectares.

Published - November 14, 2025 01:13 americium IST

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