Farming is not just a profession; Millions of people live a life through this. Still, Farmers work hard in their fields throughout the year, and they hope for a good harvest. But even after putting in so much effort, they don’t get the right price for their crops due to low market rates. And now it has become a big issue, especially during harvest time when the supply is high, and the prices fall because of high supply. So, while keeping this in mind, the Government of Madhya Pradesh has launched MP Soybean Bhavantar Yojana. This scheme will help farmers when the market price of soybeans falls below the price decided by government. To know more about the same, keep reading this article.
What is MP Soybean Fasal Bhavantar Yojana (Bhavantar Yojana)?
The MP Soyabean Bhavantar Yojana is a scheme launched by the Madhya Pradesh government to help soybean farmers. Under this scheme, If farmers sell the soyabean produce by them at a price lower than the Minimum Support Price (MSP), then in this case the government will pay them the difference amount directly into their bank account. This scheme is also called a Price Difference Payment Scheme (Bhavantar Yojana). It will protect farmers from price fluctuation in market. If the market price goes below the MSP, then through this scheme, they won’t have to face the entire loss alone, the government will help them.
Objective of the MP Soybean Bhavantar Yojana
The main goal of the MP Soybean Bhavantar Yojana is to ensure fair income to soybean farmers. Many times, due to low demand or overproduction of crops, the price of crops like soybean drops in the market. In this situation small and marginal farmers face huge financial stress and loss too as their entire livelihood is dependent on farming. So this scheme aims to protect farmers from market losses also to make sure they get at least the Minimum Support Price. It will help in promoting the soybean cultivation in Madhya Pradesh also encourage the farmers to sell their produce through proper channels.
How to Register for MP Soybean Bhavantar Yojana
- Visit the official MP E-Uparjan portal: https://mpeuparjan.nic.in
- On the homepage, Choose Soybean under the Bhavantar Yojana option.
- Enter your details like Aadhaar number, Samagra ID, Bank account number, Mobile number, Khasra number, land area.
- Upload necessary documents
- After checking all the details, Submit the form
- After submission, take a printout or screenshot of the application for future reference.
Benefits of the Scheme
The MP Soyabean Bhavantar Yojana brings several benefits like:
- It provides financial support as farmers will get the price gap between the MSP and the market price directly through government in their bank account.
- The money will be directly transferred to the registered bank account of the farmer.
- It will encourage farmers to sell through registered mandis.
Short Overview of the MP Soybean Bhavantar Yojana
| Scheme Name | MP Soybean Bhavantar Yojana |
| Launched by | Government of Madhya Pradesh |
| Beneficiaries | Soybean Farmers of MP |
| Objective | To compensate price difference between MSP and market price |
| Crop Covered | Soybean |
Eligibility Criteria
- They must be a permanent resident of Madhya Pradesh.
- They should be a registered farmer with the Agriculture Department.
- They must have sown soybean on own or leased land.
- Bank account should be linked with Aadhaar.
- They must sell the crop through registered mandis only.
Ineligibility Criteria
- If the farmer is not a resident of Madhya Pradesh.
- If land ownership documents are not valid
- If the Aadhaar or bank account details are incorrect.
- If the farmer is already availing similar benefits.
Soybean Minimum Support Price (MSP)
- The Minimum Support Price for soybean is decided every year by the Government of India. The Madhya Pradesh government uses this MSP to calculate the price difference under the Bhavantar Yojana.
- Let’s understand it with an example
- Suppose the MSP for soybean is Rs. 4,600 per quintal.
- A farmer sells it at Rs. 4,000 per quintal in the mandi.
- Under this scheme, The difference of Rs. 600 per quintal will be paid by the government
Required Documents
- Aadhaar Card
- Samagra ID
- Bank Passbook copy
- Khasra-Khatauni
- Mobile number
- Passport-size photograph
- Crop sowing details
Helpline Number
- MP E-Uparjan Helpline: 1800-233-4394
- Visit the nearest Krishi Vigyan Kendra
FAQs
Is there any registration fee?
No, the registration process is free of cost.
What happens if I sell the crop outside a mandi?
You will not be eligible for compensation
When will the Bhavantar amount be credited?
Usually, the amount is credited within 1–2 months after selling and verification.
Do I need to register every year?
Yes, registration is required each year for every crop season.
Khushi Singh
Khushi Singh is a content writer with 3 years of experience in government schemes. She writes simple and helpful articles that guide people to understand and benefit from public welfare programs.