The government of Madhya Pradesh launched a new scheme called the MP Soybean Price Deficiency Scheme for all the farmers across the state under the chairmanship of Dr. Mohan Yadav. The government’s main aim in launching this scheme is that no farmer will suffer a loss on soybean sales in Mandis this year. If you’re a permanent resident of Madhya Pradesh and wish to avail the benefits of this scheme then keep reading this article till end because in this article we will discuss about the MP Soybean Price Deficiency Scheme 2025, objective, benefits, required documents, helpline number, how to Register Soybean Price Deficiency Scheme, how Compensation Will Be Calculated & Survey and Relief for Crop Damage.
MP Soybean Price Deficiency Scheme 2025
MP Soybean Price Deficiency Scheme 2025 is a social welfare scheme launched by the state government of Madhya Pradesh under the chairmanship of Dr. Mohan Yadav. Under this scheme, the government aims to support and help farmers who suffer a loss on soybeans in Mandis. Through this scheme, the honorable Prime Minister Mr. Narendra Modi fixed the amount of ₹5,328 per quintal. This scheme is very beneficial for the farmers who are worried about the low rate of Mandi and those farmers whose crops are damaged by the yellow mosaic disease.
Objective Of the MP Soybean Price Deficiency Scheme
The main objective of this scheme is to support and help those farmers who suffer losses on soybeans in Mandis across the state. Under this scheme, the government supports farmers through financial support, and the government provides bonus money directly transferred into the bank accounts of the eligible beneficiaries. Through this scheme, the government aims to make farmers independent and self-reliant, so they don’t depend on others.
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Through the financial assistance, all the farmers will be able to afford the losses that occur in the cultivation of soybeans. All the applicants can apply for this scheme without visiting anywhere. They can apply for this scheme by visiting the official portal and availing the benefits of this scheme from the comfort of their homes.
How to Register Soybean Price Deficiency Scheme
- Visit the Official Portal:-
- Firstly, applicants need to visit the official portal or their registration center.
- Enter Required Details:-
- After that, applicants need to enter their registration number, Aadhaar number, bank account details, and land record to finish the registration process.
- Sell the Crop in Mandi:-
- Now, once registered, applicants can sell their soybean crop in any notified mandi.
- Calculate the Difference:-
- After that, if the selling price is below MSP, then the government will calculate the difference and transfer the amount directly into the bank accounts of the beneficiaries.
How Compensation Will Be Calculated
- If the MSP is higher than the mandi price, but the mandi price is higher than the state model price, then the compensation will be equal to the difference between the actual selling price and the MSP.
- If the state model price is higher than the mandi price, then the compensation will be given for the difference between the Model price and MSP.
Survey and Relief for Crop Damage
The state government of Tamil Nadu is conducting surveys in soybean fields that are affected by yellow mosaic disease and rainfall. The farmers who suffer losses due to affected crops through these things get compensation according to their damaged crops; apart from this, the government also does a price difference payments process.
Benefits of the MP Soyabean Price Deficiency Scheme
- The main objective of this scheme is to support and help those farmers who suffer losses on soybeans in Mandis across the state.
- Under this scheme, the government supports farmers through financial support, and the government provides bonus money directly transferred into the bank accounts of the eligible beneficiaries.
- Through the financial assistance, all the farmers will be able to afford the losses that occur in the cultivation of soybeans.
- Through this scheme, the honorable Prime Minister Mr. Narendra Modi fixed the amount of ₹5,328 per quintal.
Short Overview Of the MP Soyabean Deficiency Scheme
| Scheme Name | MP Soyabean Deficiency Scheme |
| Launched by | Government of Madhya Pradesh |
| Year | 2025-26 |
| Objective | The main objective of this scheme is to support and help those farmers who suffer losses on soybeans in Mandis across the state. |
| Scheme type | Social Welfare Scheme |
| Target Beneficiaries | This scheme is created for all the farmers across the state. |
| Application Mode | Online |
| Official Portal | – |
Required Documents
- Aadhar card
- Resident proof
- Income certificate
- Caste certificate
- Bank Account Details
- Land Ownership Documents
- Farmers Registration Number
- Birth Certificate
- Phone Number
Helpline Number
- All applicants who have any queries need to visit the official portal for any queries.
FAQs
Which government launched this scheme?
The state government of Madhya Pradesh launched this scheme.
Who started this scheme?
The Chief Minister, Mr. Shivraj Singh Chouhan, started this scheme.
What are the objectives of this scheme?
The main objective of this scheme is to support and help those farmers who suffer losses on soybeans in Mandis across the state.
Khushi Singh
Khushi Singh is a content writer with 5 years of experience in government schemes. She writes simple and helpful articles that guide people to understand and benefit from public welfare programs.