Madhya Pradesh farmers have received a major relief announcement from the state government. Chief Minister Dr. Yadav will release compensation on November 27 in Sheopur district for paddy growers whose crops were severely damaged during the recent heavy rainfall. Along with this, the state has decided to procure wheat at ₹2,600 per quintal, while the soybean model rate has increased to ₹4,285 per quintal. Under the Bhavantar Payment Scheme, farmers are being assured the full MSP of ₹5,328 per quintal for soybean.
Several farmers suffered heavy losses as continuous rainfall damaged standing paddy crops across many areas. After reviewing the situation, the state government has approved the release of relief funds for all affected farmers to help them recover from the losses.
The Chief Minister stated that safeguarding farmers’ interests is the government’s top priority. Madhya Pradesh is the first state in the country to provide timely and adequate compensation to soybean farmers through the Bhavantar Payment Scheme. He also highlighted that to reduce the financial burden on farmers, the government is providing up to 90% subsidy on 3 HP and 5 HP pump sets used for irrigation. Additionally, the state has approved a bonus on paddy and confirmed wheat procurement at ₹2,600 per quintal.
After weeks of uncertainty, the state government has clarified that wheat will once again be purchased at a rate higher than the MSP this year. Over the Centre’s MSP of ₹2,585 per quintal, the state will offer an additional bonus of ₹15, ensuring farmers receive a total of ₹2,600 per quintal.
Between November 10 and 20, the model rate of soybean under the Bhavantar Scheme has steadily increased from ₹4,036 to ₹4,267 per quintal, and is now stable at ₹4,285. This model rate applies to farmers who sold their produce in approved mandis. The government has assured that every eligible farmer will receive the full MSP of ₹5,328 per quintal, and the difference between the model rate and MSP will be covered by the state.
Read More- Grow these 5 wheat varieties to get fewer diseases and more profit
