On Thursday, November 13th, Chief Minister Dr. Mohan Yadav sent ₹233 crore directly to the bank accounts of about 1.33 lakh soybean farmers in Madhya Pradesh. The money was given through the Bhavantar Bhugtan Yojana (Price Difference Payment Scheme). This scheme ensures farmers get the full Minimum Support Price (MSP) of ₹5,328 per quintal, even if the market price is lower (it was around ₹4,036).
Farmers who sold their soybean in registered markets received the difference (about ₹1,300 per quintal) directly in their bank accounts. The government uses technology, like an AI-powered system and satellite images, to quickly track sales and transfer the money within 48 hours. This stops delays and removes middlemen. The Chief Minister promised that every farmer will get the full MSP for their soybean.
The Chief Minister also started the Samadhan Yojana. This scheme offers to waive (cancel) up to 100% of extra charges (surcharges) on old, unpaid electricity bills for over nine million users. This covers homes, businesses, and farms. The goal is to clear old debt and ensure everyone, especially farmers, gets a steady power supply for watering their fields. Farmers were happy with both plans, saying they quickly received the soybean money and now their electricity worries are gone.
Madhya Pradesh government has launched a new Soybean Price Deficiency Scheme to protect farmers from losses in Kisan Mandis. Chief Minister Dr. Mohan Yadav announced that no farmer will suffer a loss on soybean sales this year. The scheme is linked with the Bhavantar system, where the government will pay the difference if the market price falls below the Minimum Support Price (MSP).
This step comes after Prime Minister Narendra Modi fixed the MSP of soybean at ₹5,328 per quintal. Many farmers were worried about low Mandi rates and crop damage from yellow mosaic disease. To support them, the state government has promised price difference payments and also compensation for crop loss after surveys.
With this new scheme, farmers will not only get assured MSP protection but also relief money for damaged crops. The bonus money will be directly credited to their bank accounts through DBT.
Registration in Soybean Price Deficiency Scheme
To get benefits, farmers must register under the scheme. Registrations for Soybean Bhavantar Yojana in Madhya Pradesh has started on 3rd October 2025.
STEP 1: Farmers need to visit the registration center or official portal of visit the nearest Kisan Registration Center in your area.
STEP 2: Enter Farmer registration Number, Aadhaar number, bank account details, and land records to complete registration.
STEP 3: Once registered, farmers can sell their soybean crop in any notified Mandi.
STEP 4: If the selling price is below MSP, the government will calculate the difference and transfer money directly into the farmer’s account.
Also read: MP e-Uparjan Farmer Registration
How Compensation Will Be Calculated
- If the mandi price is less than MSP but higher than the state model price, then compensation will be equal to the difference between MSP and actual selling price.
- If the mandi price is less than the state model price, then compensation will be given for the difference between MSP and model price.
Survey and Relief for Crop Damage
Apart from price difference payments, the government is also conducting surveys in soybean fields affected by heavy rainfall and yellow mosaic disease. Based on the survey, farmers will get compensation for their damaged crops.
Key Highlights of Soybean Price Deficiency Scheme 2025
| Point | Detail |
|---|---|
| Scheme Name | Soybean Price Deficiency Scheme (Bhavantar) |
| Announced By | CM Dr. Mohan Yadav |
| MSP for Soybean | ₹5,328 per quintal |
| Benefit | Compensation for price difference + relief for crop damage |
| Registration | Mandatory for farmers |
| Payment Mode | Direct transfer to bank accounts |
| Extra Relief | Compensation for yellow mosaic and rainfall-affected crops after survey |
FAQs
What is the MSP of soybean in 2025?
The government has fixed ₹5,328 per quintal as the MSP for soybean.
Who can apply for this scheme?
All soybean farmers in Madhya Pradesh selling crops in notified mandis can apply.
How will farmers get the compensation?
After selling in mandi, the difference between MSP and selling price will be calculated and transferred to their bank accounts.
Will crop damage due to yellow mosaic be covered?
Yes, a survey is being done in affected areas, and compensation will be given based on survey results.