Budget 2025: Agriculture stocks surge as FM announces PM Dhan-Dhaanya Krishi Yojana

Shares of agriculture companies surged up to 13 per cent on Saturday after Finance Minister Nirmala Sitharaman announced the PM Dhan-Dhaanya Krishi Yojana, which will cover 100 districts with low yields, modern crop intensity, and below-average credit parameters.

Stock Market Reaction

• Kaveri Seed Co soared 13.49 per cent to Rs 1,020.70 apiece.
• Mangalam Seeds climbed 7.09 per cent to Rs 222.
• Nath Bio-Genes jumped 5.77 per cent to Rs 178.60.
• Dhanuka Agritech increased 2.61 per cent to Rs 1,479.35.
• UPL appreciated 0.94 per cent to Rs 609 on the BSE.

Other notable gainers:

• Paradeep Phosphates: +2.75% (Rs 115.90)
• Rashtriya Chemicals & Fertilisers: +0.95% (Rs 164.75)
• PI Industries: +0.85% (Rs 3,512.05)
• Bayer Crop Science: +0.67% (Rs 5,148.25)
• Mangalore Chemicals & Fertilizers: +0.45% (Rs 168.45)
• Coromandel International: +0.11% (Rs 1,812)
• However, some stocks saw a decline:
• Chambal Fertilisers & Chemicals fell 0.59% to Rs 501.05.
• Tata Chemicals slipped 0.30% to Rs 983.85 on the BSE.
• Meanwhile, the 30-share BSE Sensex rose 385.19 points (0.50%) to 77,885.76 in mid-session trade.

Key Announcements by FM Sitharaman

• The PM Dhan-Dhaanya Krishi Yojana is expected to benefit 1.7 crore farmers.
• The government will launch a rural prosperity and resilience programme, focusing on youth, women, and farmers.
• NAFED and NCCF will procure pulses over the next four years.
• A six-year programme for Atmanirbharta in pulses will focus on tur, urad, and masoor.
• A comprehensive programme will be introduced to boost vegetable and fruit production and ensure remunerative prices for farmers.

President Droupadi Murmu’s Address

In her address at the joint sitting of Parliament, President Droupadi Murmu emphasized the government's efforts towards modernization and self-reliance in agriculture. She highlighted that India achieved a record foodgrain production of 332 million tonnes in 2023-24.