India, Sept. 27 -- The Madhya Pradesh government has reintroduced the Bhavantar scheme, which aims to compensate farmers if they receive low prices for their produce in the market, for soybean cultivators in the state following a demand from the latter to procure their produce at the minimum support price (MSP).

Chief minister Mohan Yadav made the announcement on Thursday night about the reintroduction of the scheme after eight years.

"The Bhavantar Yojana (Bhavantar Yojana) will be implemented for soybean-producing farmers. Farmers will not be allowed to suffer losses under any circumstances," Yadav said, adding that farmers can continue to sell soybean in the market and if the price is below the MSP, the government will compensate the...