Agri Stocks Soar Up to 13% Following Govt's PM Dhan-Dhaanya Krishi Yojana Announcement

​​​​​​​The main focus of this scheme will be on crop diversification, developing post-harvest storage facilities at the panchayat and block level, increasing the availability of both short and long-term credit.

Union Finance Minister Nirmala Sitharaman has launched the PM Dhan Dhanya Krishi Yojana on Saturday that will benefit around 1.7 crore farmers and increase productivity in agriculture activities across the nation.

The main focus of this scheme will be on crop diversification, developing post-harvest storage facilities at the panchayat and block level, increasing the availability of both short and long-term credit.

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Sitharaman said the PM Dhan Dhanya Krishi Yojana is so structured that it creates abundant opportunities in rural areas and makes migration an option rather than a compulsion for farmers.

He added that the country is witnessing growing consumption of vegetables and fruits and that the government is working on achieving self-sufficiency in pulses. As part of it, a 6-year mission for self-sufficiency in pulses will be launched, in addition to an all-round comprehensive program for increasing the cultivation of vegetables and fruits.

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Along with these initiatives, Sitharaman announced the setting up of a Makhana Board in Bihar to help promote the production and processing of the region's popular nut.

The government will also establish a urea plant in Assam with an annual capacity of 12.7 lakh metric tonnes to meet the rising demand for urea in the region and strengthen the agricultural sector further.

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The Finance Minister also presents budget proposals in 10 key areas of support for the poor, the youth, farmers, and women, to promote growth and development in these areas.

The Budget Session of Parliament, which commences on January 31, will be in two phases. The first phase will conclude on February 13, while the second phase will commence on March 10 and end on April 4.

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Besides, the Economic Survey emphasizes the growth of private consumption as a stabilizing factor in India's domestic economy amidst global uncertainty.

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