Debt-ridden farmer turns Crorepati on onion harvest

94,598FansLike
56,999FollowersFollow

A Karnataka farmer took every advantage of the rising prices of onions and emerged as crorepati within a short time. Terming it as the biggest risk he had taken so far, Mallikarjuna, a 42 year old farmer took loan and sowed onion seeds. He produced 240 tonnes of onion when the price was Rs. 100 per kg.

While he expected Rs. 5 to Rs. 10 lakh of profit out of his Rs. 15 lakh investment, the profit he witnessed in real is something that he never expected. Mallikarjuna said that he cleared all debts and is also planning to build a house. Apart from his 10 acres of land, he took another 10 acres on lease to grow onions and hired around 50 labors for the same.

Also read: Bus conductor severely hits passenger for Rs 1

Since 2004, Mallikarjuna is investing on Onions and is witnessing magical profits almost every year. He had now become a celebrity in Chitradurga district for his timely and calculated risks. Many other farmers around the district are moving forward with the farming taking him as the inspiration.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Silver Screen

Top OTT releases this week

The last weekend of November will see a variety of movies and web shows released on various OTT platforms like Netflix, Amazon Prime Video,...

Unstoppable: Legend with legendary filmmakers

The second season of Nandamuri Balakrishna’s celebrity talk show Unstoppable is getting a good response from the viewers. The latest news is that the OTT...

Pic Talk: Milky beauty’s sizzling show

Milky white beauty Tamannaah has been steadily upping the ante when it comes to gmaour exhibition. She has been sharing more and more glamorous...

Ram Charan super happy with RC15 New Zealand schedule

Ram Charan is a busy man now. He is currently filming for RC15 and is taking part in the New Zealand schedule, where the...

Kartikeya’s dashing FL from Bedurulanka 2012

After impressing the audience with his strong acting skills in movies like RX100, Guna 369, Nani's Gang Leader and Valimai, young hero Kartikeya is...

Politics

Viveka’s murder case transferred to Hyd’s CBI Court

Former Minister YS Vivekananda Reddy's Murder case has taken another turn. The Supreme Court gave a key verdict on the trial of this case....

AP gets new Chief Secretary

In a major change in Andhra Pradesh's top-level administration, the state government, headed by Chief Minister YS Jagan Mohan Reddy, has appointed senior IAS...

How did the Malla Reddy educational institutes become so corrupt?

The Malla Reddy educational institutes are one of the most widely recognized institutes in the Telangana state, with thousands of students. These institutes are run as government...

Jagan’s seniors continue to disappoint him!

For any political party, the necessity of having strong and formidable members as part of their party is highly essential for the long sustenance...

Nadendla Manohar reacts seriously to Jagan’s ‘Rowdy Sena’ comment

During his visit to Narasapur in the West Godavari district, Chief Minister Jagan Mohan Reddy addressed a public meeting on Monday, during which he...

Most Read

Mouni Roy Sizzling stills

Top OTT releases this week

The last weekend of November will see a variety of movies and web shows released on various OTT platforms like Netflix, Amazon Prime Video,...

Malaika Arora Sizzling Pics

Sophie Chowdary Sizzling pics

Unstoppable: Legend with legendary filmmakers

The second season of Nandamuri Balakrishna’s celebrity talk show Unstoppable is getting a good response from the viewers. The latest news is that the OTT...