Soybean Bhavantar Scheme: Today brings relief to soybean farmers. Farmers have long been curious about the new model rate under the Bhavantar Yojana. Now, the government has released the official model rate for November 24th, giving farmers a clear picture of their benefits and when the funds will be credited to their accounts.
New model soybean rate announced in Madhya Pradesh Farmers’ faces brighten
The model rate released today has neither increased nor decreased. The government has fixed the model price for soybeans at Rs. 4282 per quintal. This will directly benefit farmers who sold their produce in the market today. The government will transfer the full difference between this model rate and the MSP to farmers’ accounts. This is the main objective of the scheme, ensuring farmers do not incur losses.
The model rate for soybeans first started at Rs. 4020 on November 7th. After this, the price continued to rise. By November 22nd, it had reached Rs. 4285. The government consistently claims that no farmer will receive benefits below the MSP, or ₹5,328 per quintal. More than 900,000 farmers have registered under the Bhavantar Yojana, indicating high expectations from this scheme.
Better earnings than last year the government will compensate for prices sold below the MSP
The government claims that farmers are receiving greater profits this year compared to last year. Last year, farmers received a price of approximately ₹4,800 per quintal, while this time they are receiving approximately ₹500 more. The Bhavantar Yojana plays an important role for the government in ensuring farmers do not suffer any real losses when their produce is sold below the MSP. This is fully compensated from the government’s funds.
The model rate is based on the average market price over the past 14 days. This also helps farmers understand the actual market price and future prospects. This approach provides both transparency and security for farmers.
FAQs Frequently Asked Questions
Question 1: What is the model rate for soybean today?
Answer: The model rate for today, November 24th, is fixed at ₹4,282 per quintal.
Question 2: Who covers the difference between the MSP and the model rate?
Answer: If farmers receive a price lower than the MSP, the government pays the entire difference.
Question 3: How to register for the Bhavantar Yojana?
Answer: Farmers can register online by visiting MP e-Uparjan or the Kisan Portal.
Question 4: Does this rate apply to all farmers?
Answer: This rate will only apply to farmers who sold in the market today.
Disclaimer: This article is based on available information and government announcements. Farmers should consult their nearest market officer or agricultural expert before making any financial decisions.
