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.
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.
It's useful to understand how the Bhavantar Bharpai Yojana differs from other agricultural schemes:
Based on its objective, the Bhavantar Bharpai Yojana is the Haryana Government scheme designed to compensate farmers when market prices fall below MSP.