Overview

• Chief Minister Mohan Yadav announced a price-deficiency payment scheme for soybean to cover sales below the government benchmark.
• The government said the MSP for soybean is Rs 5,328 per quintal, with any shortfall to be credited to eligible farmers’ bank accounts.
• Farmers may sell in mandis but must register their crop with the state to qualify for compensation, with registration set to start soon.
• A survey is underway to assess Yellow Mosaic Virus damage to soybean, and the state has pledged relief for affected yields.
• Specific timelines and funding details were not released, though the CM pointed to prior relief for crop losses and floods as precedent.