A study of performance of the Bhavantar Bhugtan Yojna Experiment in the welfare of Farmers of MP
Tejas K Kutty
APMC, Agriculture, Agriculture Procurement.
Agriculture holds an inevitable position in the sectoral economics and serves as a pillar of economic growth and development in India. The Government policymaking had always been inclined to uplift the farmers and had an agenda of doubling the farmer’s income by 2020, which is yet to be achieved. To narrow the gap between the MSP and the actual price received and to eliminate the excess budgetary burden on the part of the government, it introduced a Price Deficiency Payment Scheme, Bhavantar Bhugtan Yojna in 2017 as a pilot project in MP. This study is focused on accessing the extent of the success of this scheme and to put forward the suggestions to rectify the shortcomings. The study focused on the effect of the scheme in price and the volume of production in Krishi Upaj Mandis of MP. The study revealed that the APMC and Mandi traders formed cartel and manipulated the prices of the grains in their interest which caused a massive dip in the auction price. The delayed and irregular payment of the compensation also enraged the farmers. The scheme failed to deliver what it was intended for and compromised with the interests of the farmers. The Scheme has a potential to provide price assurance to the farmers and can be re-implemented with certain amendments and policy restrictions and then it will be able to favor the farmers’ interests.
Article Details
Unique Paper ID: 153093

Publication Volume & Issue: Volume 8, Issue 5

Page(s): 686 - 689
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