The Government of Madhya Pradesh has started a great initiative MP Soybean Price Deficiency Scheme to protect the farmers of soybean from financial losses. This scheme is also known as Bhavantar Bhugtan Yojana, which pays the difference between the market price and the minimum support price to the farmer, ensuring they receive the minimum support price even if the market price is lower. The difference in price of INR 1,300 will be directly transferred into the bank account of the farmers through the direct benefit transfer method. In this article, you will learn more about the MP Soybean Price Deficiency Scheme, such as benefits, eligibility criteria and the application procedure.
What is the MP Soybean Price Deficiency Scheme?
The respected chief minister, Dr Mohan Yadav of Madhya Pradesh, has launched the MP Soybean Price Deficiency Scheme on 13th November 2025. Under this scheme, the farmer will be provided with a different price for the soybean. The farmers will receive INR 1,300 as the difference price. The farmer will ensure to get the minimum support price of INR 5,328 per quintal over the market price of INR 4,036. The amount of this scheme will be directly transferred into the bank account of the beneficiaries within 48 hours. The government has promised the former to get the full market price on soybeans.
Objective of MP Soyabean Price Deficiency Scheme
The primary objective of the MP Soyabean Price Deficiency Scheme is to provide the price for the income loss that is caused by the declining market price. The farmers will be provided with a fair and assured written of Soybean with the difference between the actual setting price and minimum support price. The financial assistance of INR 1,300 will be provided to the farmers through direct benefit transfer method. This scheme will encourage farmers to sell their produce in the open market. It will help in improving the social well-being of the soybean farmers in Madhya Pradesh.
Helpful Summary of MP Soyabean Price Deficiency Scheme
| Name | MP Soyabean Price Deficiency Scheme |
| Launched by | Government of Madhya Pradesh |
| Objective | Provide difference price on soybean |
| Launched for | farmers of the state |
| Official Website | https://mpeuparjan.nic.in/ |
Benefits of the Scheme
- The farmers who sold soybean will get the difference price of INR 1,300 directly in their bank account by the government.
Eligibility Criteria
- Applicant must be a permanent resident of Madhya Pradesh
- The candidate must be sowing soyabean crops.
Survey and Relief for Crop Damage
- The compensation will be provided to the farmers in case of natural calamities like heavy rain, drought , hail storms etc.
- The compensation will also be provided to the farmers in the price deficiency case.
Salient Features
- Difference Price:- The farmers of the state will be provided with the difference price of the crop from actual price and the market price.
- Model Rate:- The farmers will be provided with the model rate and the benefit will be transferred into the bank account of the beneficiaries
- Direct Benefit Transfer:- The farmers will transfer the amount through direct benefit transfer method
- Risk Coverage for crop damage:- This scheme will cover the crop damage from risk.
MP Soyabean Price Deficiency Scheme Apply Online
an applicant must follow the procedure given below to register themselves:
- First, an applicant must visit the e-Uparjan Portal.
- The home page will open in front of you.
- On the homepage, choose the soybean option under the scheme
- The registration form will open in front of you, where you have to enter the details
- After entering the details, attach all the important documents carefully.
- After that, click on the submit option
- By following this procedure, you can easily apply under this scheme.
Contact Us
- Helpline Number: 1800-233-4394
FAQs
Who created the MP Soyabean Price Deficiency Scheme?
The Government of Madhya Pradesh has started the scheme
What is the difference price which farmers will get under the MP Soyabean Price Deficiency Scheme?
The farmers will be provided with INR 1300 as a difference price.
What is the benefit of the MP Soyabean Price Deficiency Scheme?
The farmers of the state will be able to sell this soyabean crop without worrying about any best
Who is eligible to apply for the MP Soyabean Price Deficiency Scheme?
The farmers of Madhya Pradesh are eligible to apply under the scheme
Neha Sharma is an experienced content writer with 4 years of expertise in government schemes and public welfare programs. She shares in-depth, well-researched, and verified information from official government sources to help readers stay informed about the latest yojanas.