Prime Minister Narendra Modi will complete four years on May 26, 2018 as the head of country's first majority government since 1984. The BJP government announced a slew of schemes after it assumed power in 2014 winning 336 Lok Sabha seats out of 543 seats. Work under most of these schemes is still under progress an year ahead of General Election 2019. There are companies which have participated in the implementation of these schemes and thus contributed to the Indian economy's growth story. Here's a look how stocks of some of these firms have moved during the tenure of Modi government.
Pradhan Mantri Gram Sichai Yojana
The scheme was launched on July 1, 2015 and aims to irrigate the agricultural fields and improve water use efficiency to maximise productivity. The Modi government approved Rs 50,000 crore for the implementation of the scheme for next 5 years or up to 2020.
Shakti Pumps: Shakti Pumps (India) is an India-based stainless steel pump manufacturer. The company is engaged in the business of manufacturing various types of pumps and motors. The company offers approximately 1,500 pump products variants that find application in groundwater supply, irrigation, pressure boosting, industrial applications, as well as in fire-fighting systems and pumping applications for domestic and hospitality sectors.The stock which stood around 196.30 at the time of launch of the scheme has gained 186% since then.
Jain Irrigation: Jain Irrigation which traded around Rs 70 on the launch date of the scheme was trading more than 40% higher at 98.15 level on BSE. The firm provides solutions in agriculture, piping, infrastructure through manufacturing of Micro Irrigation systems, PVC pipes, HDPE pipes, plastic sheets, agro processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs. The firm manufactures a range of precision-irrigation products and has approximately 30 manufacturing plants globally.
Deen Dayal Upadhyaya Gram Jyoti Yojana
The scheme was launched on July 25, 2015 with an objective of electric supply feeder separation (rural households & agricultural) and strengthening of sub-transmission and distribution infrastructure including metering at all levels in rural areas. The scheme aims to provide round the clock power to rural households and adequate power to agricultural consumers.
The scheme was launched on July 10, 2014. It aims to clean and protect the Ganga river in a comprehensive manner.