Is the Madhya Pradesh government's much-discussed Bhawantar Bhugtan Yojana (Price Deficiency Payment Scheme) showing signs of stabilising?
Unlike in 2017, the open market wholesale rates for soybean and maize, two crops incorporated into the scheme, haven't seen a big decline from their current level, which is below the centrally-set minimum support price (MSP), so far this year. The BBY was begun last year when there were allegations of traders cornering it for their own benefit.
In the state's major wholesale markets (mandis) where BBY has been implemented since October 20, the rate for soybean has been Rs 2,900-3,100