The agricultural stocks surged by up to 11 percent after Finance Minister Nirmala Sitharaman announced measures to enhance pulses and seed production in the country in today’s budget.
Among the measures, Union Finance Minister Nirmala Sitharaman announced a 6-year Atmanirbhar Bharat programme focusing on pulses—tur, urad, and masoor.
The Central agencies such as NAFED and NCCF will be prepared to procure these three pulses from farmers who register with the agencies and enter into agreements. This initiative will run over the next four years, ensuring support and guaranteed procurement for farmers.
Sitharaman who presented her 8th budget announced PM Dhan Dhan Krishi Yojana in partnership with states covering 100 districts. This programme aims to achieve growth in agricultural production, and crop diversification while augmenting post-harvest storage. This is expected to benefit 1.7 crore farmers.
She also announced the setting up Makana Board in Bihar to train Makana farmers and also said to launch a five-year mission for Cotton Production. She also outlined a comprehensive plan to boost vegetable and fruit production while ensuring better prices for farmers and many more
The stocks to Benefit:
Kaveri Seeds Ltd
Kaveri Seeds is a leading agricultural company in India, specializing in the production of hybrid seeds for crops like cotton, maize, and vegetables. It focuses on providing quality seeds to enhance crop yield and support sustainable farming practices. The company has a strong presence across India with a wide distribution network.
Mangalam Seeds Ltd
Mangalam Seeds is a prominent Indian seed company offering a range of high-quality hybrid seeds for crops such as vegetables, field crops, and oilseeds. The company is committed to innovation and research, aiming to improve farming productivity through superior genetics and technology.
Godrej Agrovet Ltd
Godrej Agrovet is a diversified agribusiness company, with interests in animal feed, crop protection, oil palm, and dairy products. The company focuses on providing innovative solutions to farmers and promoting sustainable agricultural practices. It is part of the Godrej Group and operates across India and other international markets.
Dhanuka Agritech Ltd
Dhanuka Agritech is an Indian agrochemical company that manufactures and markets a wide range of crop protection products, including herbicides, fungicides, and insecticides. The company aims to provide solutions to enhance agricultural productivity and ensure food security, backed by strong research and development capabilities.
Written by Sridhar J
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