Pro Farmer Schemes In Madhya Pradesh Budget, Bhavantar Bhugtan

Finance Minister made provisions for pro-farmer schemes such as Bhavantar Bhugtan Yojana (BBY) and incentive over MSP on wheat and paddy announced by Chief Minister in recent months.

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Pro Farmer Schemes In Madhya Pradesh Budget

Government’s last Budget and the first since the farmers’ unrest rocked the state in June last year, focused mainly on the agricultural sector and rural voters, allocating around Rs 37,498 crore for agriculture and allied sectors. Although Finance Minister did not make any new announcement while presenting the Rs 2,04,642-crore Budget on Wednesday, he made provisions for pro-farmer schemes such as Bhavantar Bhugtan Yojana (BBY) and incentive over MSP on wheat and paddy announced by Chief Minister in recent months.

Also Read: Telangana Farmers Would Receive Rs 4,000 Per Acre Farm Subsidy

Praising BBY, he argued that the scheme was devised in 2017 after prices of agricultural commodities dropped in international markets, thereby impacting local markets. He said the scheme cushions farmers from price fluctuations in mandis.

Also Read: Centre To Support Farmers With Existing Kisan Welfare Schemes

Calling it Krushak Samruddhi Yojana, he allocated Rs 3,560 crore for paying Rs 200 incentive to wheat and paddy growers above the MSP announced by the Centre.

Also Read: Rajasthan May Launch, Rajasthan Crop Insurance Firm To Aid Farmers

The CM said the Budget keeps all sections of the society in mind and aimed at women empowerment, employment, farmers, poor and children.

Source Link- http://indianexpress.com/.

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