18th February, 2019

Compensation to farmers under Bhavantar Yojana in next two weeks

The payments under Madhya Pradesh’s Bhavantar yojana will now be done in next two weeks and not after December 31, as notified earlier. The state government announced this last week after following criticism of the scheme that is aimed to compensate those farmers who sell certain listed crops below minimum support price (MSP).

The Madhya Pradesh’s chief minister Shivraj Singh Chouhan reviewed the scheme on a daily basis since its launch on Oct 16. After his meeting with bureaucrats from agriculture and finance departments, agriculture marketing board and warehousing corporation, it was announced that the farmers who sold the notified crops between Oct 16 and Oct 31 will get the difference over next two weeks.

The scheme was criticised by farmers and opposition parties as the prices of urad, soybean and a few other commodities plunged in the market. The compensation was to be given after calculating the average rate that prevailed in mandis of MP and two other states between Oct 16 and Oct 31.

The Madhya Pradesh government has dismissed any difference between prices in mandis in MP and other states.  

Nearly 1.17 lakh farmers sold the crops in this time frame and the approximate amount of compensation comes to Rs 167 crore.

The farmers were to get the benefit only after Dec 31 earlier. More than 16 lakh farmers have registered for the scheme.