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Karnataka Maize Farmers Get Price Support
4 Jan
Summary
- Karnataka approves market intervention scheme for maize farmers.
- Benchmark price set at ₹2,150 per quintal for maize.
- Farmers selling below ₹1,900 to receive up to ₹250 compensation.
In a significant move to support maize cultivators, the Karnataka government has sanctioned a Market Intervention Scheme for the 2025-26 kharif season. This initiative aims to shield farmers from financial distress caused by low market prices following a period of record maize production in the state.
The scheme establishes a Market Intervention Price (MIP) of up to ₹2,150 per quintal for maize. Farmers whose produce sells for ₹1,900 per quintal or less will be eligible for a price difference payment, capped at ₹250 per quintal. This compensation will decrease as market rates increase, ceasing if prices reach the ₹2,150 benchmark.
Implementation will be managed by the Karnataka State Cooperative Marketing Federation, with payments disbursed directly to farmers' bank accounts via Direct Benefit Transfer. The scheme, operational for one month, mandates quality checks and prohibits participation by farmers whose maize is destined for ethanol, feed, or milk cooperative production.
