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Question

What is the name of the Haryana Government scheme that compensates farmers when market prices fall below MSP?

The correct answer is
Bhavantar Bharpai Yojana

Haryana Bhavantar Bharpai Yojana: Farmer Support Explained

The Haryana Government introduced the Bhavantar Bharpai Yojana specifically to provide financial support to farmers. This scheme directly addresses the challenge faced by farmers when the market price for their agricultural produce drops below the Minimum Support Price (MSP) announced by the government.

Understanding the Bhavantar Bharpai Yojana

The main goal of the Bhavantar Bharpai Yojana is to ensure that farmers receive a minimum assured price for their crops, protecting them from market fluctuations. Under this scheme, if the actual price received by the farmer from selling their produce in the open market is lower than the MSP, the government provides a compensation amount to cover the difference. This mechanism helps stabilise farmers' incomes and encourages continued agricultural production.

Distinguishing Key Haryana Agricultural Schemes

It's useful to understand how the Bhavantar Bharpai Yojana differs from other agricultural schemes:

  • PM-KISAN Samman Nidhi: This is a nationwide scheme by the Central Government that provides direct financial support to farmers, typically in installments, to supplement their income. It is not directly linked to market price fluctuations below MSP.
  • Meri Fasal Mera Byora: This initiative by the Haryana Government serves as a comprehensive digital platform where farmers can register their crops and farm-related information. It facilitates the delivery of various government schemes and benefits but is not primarily a price compensation mechanism.
  • Krishi Sinchai Yojana: This scheme, often referring to the Pradhan Mantri Krishi Sinchai Yojana, focuses on improving water use efficiency and promoting modern irrigation techniques in agriculture to conserve water and enhance productivity. It does not deal with price support.

Based on its objective, the Bhavantar Bharpai Yojana is the Haryana Government scheme designed to compensate farmers when market prices fall below MSP.

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Important Questions from Haryana Economy

  1. Identify the correct pair of indigenous cattle breeds that originated in Haryana :
  2. Which of the following is a joint venture between Japan and France located in Sonipat district of Haryana ?
  3. Perfetti Van Melle India is located in which district of Haryana ?
  4. The Headquarter of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is located in
  5. Where is the Indo-Israel Horticulture Project located in Haryana ?
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