For the price compensation scheme to work, government must rein in trade cartels and fix prices right

In a move to appease the farming community after the Mandsaur incident, the Madhya Pradesh government introduced the Price Deficiency Payment scheme on a pilot basis in October under the name ‘Mukhyamantri Bhavantar Bhugtan Yojana’.Under Price Deficiency Payment (PDP), a brainchild of the NITI Aayog, farmers who sell their crops at a price below the MSP (minimum support price) are to be compensate...