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Farmers to get their due, but Bhawantar Bhugtan Yojna may hit exchequer

Chouhan said he believed it would be a pilot for a national-level project

Press Trust of India  |  Hanuwantiya (MP) 

agriculture, farmers

Ahead of the launch of scheme for farmers, Chief Minister today said it may be "risky" for the state exchequer which would have to shell out a huge amount of money, but the would go ahead with it.

To ensure that get minimum support price (MSP) for their yield, the state is launching this scheme under which, in case get less price in market than the then rest of the amount will be paid by the state exchequer.

If of pulses is Rs 5,025 per quintal, but a farmer has to sell it for Rs 3,500 per quintal in the market, then the state will pay the remaining Rs 1,525 to them, Chouhan said.

He said to ensure transparency in the process, a model price will be decided on the basis of the average of the market price of the crop in the last two months in Madhya Pradesh, and Maharashtra.

Also, the maximum production of the crop per hectare in the region will be considered for the model price, the chief minister said.

"As the state is going to a pay huge amount to the to ensure that they don't face losses and agriculture remain a profitable profession, it may be risky for the state exchequer but the state will be go ahead with it to double farmer's income in the next five years," he said.

Claiming that this is the first project in the country to ensure that get for their produce, Chouhan said he believed it would be a pilot for a national-level project.

Chouhan said he has informed about the scheme and claimed that Centre is eagerly observing it.

First Published: Mon, October 16 2017. 14:12 IST