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Bhopal, Oct 17 (IANS) Madhya Pradesh Chief Minister Mohan Yadav will host a ‘Kisan Sammelan’ (farmers’ gathering) at his official residence in Bhopal on Saturday (October 18), the state government said in a statement on Friday.
Around 2,500 farmers from Narmadapuram, Bhopal, Sehore, Rajgarh, Raisen and Vidisha and some other districts will participate in the event.
During the meeting, Chief Minister Yadav will interact with farmers, and he will share information about the ‘Bhavantar Scheme’ to be launched on October 24. This scheme will benefit 0.6 million farmers of Madhya Pradesh.
The state government took this step to protect oilseed farmers from falling market prices. Under the scheme, the state government will compensate farmers by paying them the difference between the prevailing (lower) market price and the minimum support price (MSP).
Under the scheme, farmers can sell their crops in the markets from 24 October 2025 to 15 January 2026. The Bhavantar amount will be transferred directly to the Aadhaar linked bank accounts of the farmers within 15 days.
This will be the second attempt by the Madhya Pradesh government to launch the Price Deficit Payment Scheme (PDPS) or Bhavantar Yojana, which aims to ensure that farmers get MSP while the commodity is sold in the market as per normal practice.
The soybean crop has been adversely affected by excessive rains this monsoon season in the state and there are fears that farmers will not get MSP in the mandis due to quality issues.
The state government had earlier launched the Bhavantar Payment Scheme in 2017 for eight crops including soybean, groundnut and pulses including pigeon pea, which the government later decided to continue.
Meanwhile, among the wide-ranging decisions aimed at promoting agriculture, tribal livelihoods and economic growth, the Madhya Pradesh Cabinet approved key initiatives in a meeting chaired by Chief Minister Mohan Yadav on October 14.
At the forefront was the revival of the Bhavantar Payment Scheme for soybean farmers, which was restarted after a gap of eight years following farmers’ demand for minimum support price (MSP) protection.
Madhya Pradesh, India’s ‘soybean bowl’ which produces about 60 per cent of the country’s output across 66 lakh hectares, has seen prices fall due to oversupply and irregular weather, with many farmers getting prices below the MSP of Rs 5,328 per quintal.
Under the scheme, the government will calculate the average mandi rate and compensate the price difference directly into the accounts of farmers through DBT (Direct Benefit Transfer).
Registration began on October 3 and will run till October 17, with implementation from November 1 to January 31, 2026.
–IANS
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