Shares of nine companies whose business is linked with the agriculture sector rose by 0.35% to 3.64% at 11:45 IST on BSE after Finance Minister Piyush Goyal in the interim budget 2019-20 laid emphasis on agriculture and farmers.
Aries Agro (up 3.64%), Shakti Pumps (up 2.81%), Dhanuka Agritech (up 2.72%), Kaveri Seed Company (up 2.60%), Mahindra & Mahindra (up 1.94%), Jain Irrigation Systems (up 1.72%), Godrej Agrovet (up 1.61%), KSB Pumps (up 0.49%) and Monsanto India (up 0.35%), edged higher.
The S&P BSE Sensex was up up 134.92 points, or 0.37% at 36,391.61.
The central government will spend Rs 75,000 crore per year on the farm income support plan scheme, Piyush Goyal said in the interim budget. Called the Pradhan Mantri Kisan Samman Nidhi, the scheme will provide farmers with land up to two hectares Rs 6,000 annually in direct annual support.
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