MP Soybean Farmers Credited Rs. 810 Crore

29-Dec-2025 03:24 PM

Bhopal. Giving a significant gift to the state's farmers before the New Year, the Chief Minister of Madhya Pradesh transferred Rs 810 crore to the bank accounts of more than 3.77 lakh soybean-producing farmers on November 28, 2025, under the revised Bhavantar Payment Scheme.

This scheme has been reintroduced in this leading soybean-producing state after a gap of several years.

A program was organized in Jawra city of Ratlam district for the transfer of funds to bank accounts under the Bhavantar Payment Scheme.

The Chief Minister transferred the money to the farmers' accounts with a single click. This also resulted in the deposit of Rs 20.74 crore into the accounts of 12,386 local farmers. With this, the state government has now paid approximately Rs 1300 crore to more than 6.25 lakh farmers' bank accounts. In Madhya Pradesh,

the government compensates farmers under the Bhavantar Payment Scheme for the difference between the minimum support price (MSP) and the price they receive for selling soybeans in registered markets. This time, the MSP for soybean has been fixed at Rs 5328 per quintal.

Addressing the program, the Chief Minister of Madhya Pradesh said that the Bhavantar Payment Scheme is not just a program, but also a symbol of the government's deep respect and strong commitment towards the prosperity of farmers.

The Bhavantar payment is being made to the deserving farmers at the right time, and this process will continue.

This is an excellent scheme for soybean producers and is providing relief to the farmers. Many more schemes will be dedicated to the welfare of farmers in 2026 as well.