Bhavantar Bhugtan Yojana provides financial help to farmers of MP who suffer losses

31/05/2020Posted on
Bhavantar Bhugtan Yojana provides financial help to farmers of MP who suffer losses

Madhya Pradesh government runs ‘Mukhyamantri Bhavantar Bhugtan Yojana’ to provide financial assistance to farmers at the time of loss in agriculture. In the event of loss to the farmers under this scheme, the loss is compensated directly by sending money to the farmer’s account.

The loss to the farmers is usually due to lack of proper price for the crop. The Bhavantar Yojana comes in handy to compensate for this loss to get a fair price for the produce.

The Madhya Pradesh government pays the farmers the difference between the market price and the minimum support price (MSP) when crop prices fall from this scheme. This amount is deposited in the account of farmers.

How to take advantage of this scheme?
To take advantage of Bhavantar Yojana, farmers are required to register before selling their produce. Its registration can be done on the MP Earnings Portal created by the Government of Madhya Pradesh. After registration, the farmer is guaranteed to get the minimum support price (MSP) of his produce. Farmers do not even need to visit government offices to take advantage of this scheme.

Source: Nai Dunia

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Good news! Now all beneficiaries of the PM Kisan scheme will get KCC

28/02/2020Posted on

There’s good news for Indian farmers. The central government had announced that all the beneficiaries of the PM Kisan scheme will be issued a Kisan Credit Card (KCC). The government has also started a 15-day special campaign to issue these KCC cards. According to a media report, around 14 crore farmers will get the benefits under this scheme.

What is the KCC scheme?

Under the Kisan Credit Card scheme, the farmers will get a card, through which they can get a loan of up to Rs 3 lakh, and that’s too at an interest rate of just 7 per cent. The farmers would also get an additional discount of 3 per cent if they deposit the amount within the given time period. Which means, the farmers will now have to pay only 4 per cent interest on the Kisan Credit Card loan.

The central government has issued all the Detailed instructions regarding this campaign to the Chairman of NABARD, the Managing Directors of all banks and also to the Governments of all the States / UTs. Each bank and Government of each state/UT have been advised to list all those beneficiaries of the PM-Kisan scheme who do not have a KCC. Apart from this, they are also advised to contact all these beneficiaries of the scheme through the concerned departments.

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