| Key Aspect | Details |
|---|---|
| Event | MP Reintroduces Bhavantar Scheme |
| Scheme Objective | Provides price compensation to soybean farmers for market losses and crop damage. |
| Key Mechanism | Bridges the gap between market prices and Minimum Support Price (MSP). |
| Eligibility | Farmers must register crops under the scheme to receive compensation for selling price below MSP. |
| MSP for Soybean | ₹5,328 per quintal. |
| State Contribution | Madhya Pradesh contributes nearly 50% of India's total soybean production. |
| Soybean Crop Status | Kharif crop, rainfed crop grown in Vertisols and associated soils. |
| Major Producing States | Madhya Pradesh, Maharashtra, Rajasthan, Chhattisgarh, Andhra Pradesh, Karnataka. |
| Challenges | Poor market returns, natural disasters, crop diseases like yellow mosaic disease, delayed payments, and oversupply of crops. |
| Previous Issues | Earlier implementation (2017) led to sharp decline in prices and harmed farmers. |
Workflow
Login
Contact Counsellor