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Budget 2020: Govt says committed to doubling farmers income; agri stocks rise

The Finance Minister said Rs 2.83 lakh crore will be allocated for agri and irrigation schemes.

February 01, 2020 / 06:11 PM IST

Most agri-sector stocks traded with healthy gains on BSE after Finance Minister Nirmala Sitharaman in her Budget speech said the government is committed to doubling farmers' income by 2022 and proposed a 16-point action plan to aid farmers.

Besides, the minister said Rs 2.83 lakh crore will be allocated for agricultural and irrigation schemes.

Shares of Nagarjuna Agri Tech surged 5 percent while those of Shivalik Rasayan, Sharda Cropchem, Bhagiradha Chemicals & Industries and Sumitomo Chemical India climbed over 2 percent each.

Shares of Aimco Pesticides, Insecticides (India) and NACL Industries climbed 1 percent each.