Madhya Pradesh OKs price deficit scheme for 8 kharif crops this year.

Madhya Pradesh Cabinet approved price deficit mechanism for eight crops in the ongoing kharif season on pilot basis to ensure fair price for the produce. Under this mechanism, the government will compensate farmers the difference between modal price of a crop and its MSP in case the modal price falls below the MSP. Soybean, groundnut, sesame, ramtil, maize, moong, urad and tur crops of kharif have been included in this scheme. Farmers have to register themselves on the government’s portal till Sep 30 to avail benefits under the scheme. The mechanism would ensure fair prices to farmers without the hassles of actual procurement and storage of crops.