Bhavantar Bhugtan Yojana is an important project of the Madhya Pradesh government. Because crop prices fall, so that farmers do not fall into any financial problems, keeping this in mind, this scheme was started.
Many times, the price of goods becomes so low that farmers are forced to sell at that price. Still, there is a lot of financial loss. Maintaining a balance of all these things is the aim of this plan. To know details about this plan, you have to read this article. Let’s start.
Bhavantar Bhugtan Yojana
| Scheme | Bhavantar Bhugtan Yojana |
| State | Madhya Pradesh |
| For whom | Farmer |
| Goal | To relieve them from financial stress |
| Implemented Year | 2017 |
| Method of application | Offline |
Benefits of this Scheme
Price repayment:
- Every crop has a minimum support price (MSP).
- If the market price is lower than the MSP, meaning if the farmer sells at a price lower than the MSP, then the price loss that happens is paid by the government.
Economical support:
- Through this, the government wants to protect farmers so that they do not fall into a financial crisis.
Motivation for farming:
- This help is a motivation for farmers.
- The farmer gets encouragement because he knows that even if the price falls, he will still get the proper price.
Help for farmers:
- This initiative was primarily started to support oilseed and pulse farmers.
- This allows them to continue production and not stop farming due to fear of loss.
DBT:
- Through DBT or Direct Bank Transfer, the money is given to farmers, so there is no problem in between.
Eligibility Criteria
Housing:
- Must be a permanent resident of Madhya Pradesh to be eligible for this scheme.
Crops:
- Crops like sesame, moong, groundnut, soybean, maize, etc. get this help.
- Only if you grow the prescribed crops will you receive this help.
Registered mandi:
- The crops must be sold in the mandis registered by the government.
- Only then can you reap the benefits of this scheme.
- If it is sold in other mandis, then it will not work.
Registration:
- The farmer must have their name registered in this scheme.
- Then, only help will be given.
Documents Required:
- Adhar card as an identity proof
- Permanent resident proof
- Bank Account
- Registration Document
- Proof of landownership
- Harvest Detail
- Phone No
Also Read: How Sambal Yojana Helps Labourers During Crises and Emergencies
Achievements of this Scheme
Compensation:
- Thousands of farmers have received compensation under this scheme.
- Because of this compensation, farmers’ worries have reduced a lot.
Decrease the loss:
- This scheme protects farmers from loss.
- Since the government pays the loss amount, they can feel much more secure.
Farming support:
- Oilseed and pulse farmers are encouraged to grow the prescribed crops.
Confirm earning:
- Because of this compensation, their earnings are secured, so their stress has been reduced a lot.
- They do not have to worry about money because the help comes directly to their account.
Important Dates
| Event / Milestone | Date / Year | Details |
|---|---|---|
| Scheme Launch Year | 2017 | Launched by the Madhya Pradesh Government |
| Registration Period | Seasonal (varies) | Farmers must register before selling crops |
| Crop Selling Period | Seasonal | Based on crop harvest time |
| Compensation Processing | After sale | Calculated after mandi sale data |
| DBT Payment Transfer | Within a few weeks | Amount transferred directly to bank account |
Important Links:
FAQs
Will compensation be given for all crop production?
No, compensation is not given for all. It is given only up to a certain limit.
Can small farmers take advantage of this scheme?
Only those who have proper land papers can take advantage.
Can a farmer sell crops in any mandi they want?
No, the crops must be sold in government-registered mandis to get the compensation