As per the MoU, the technology will be formally transferred to the company on payment of one time licensing fees (Rs 4 Lakhs + GST) after the completion of the other codal formalities. The venture is a significant step forward in making the low-cost bio-fertilizer technology available to the needy groundnut farmers for reducing the input cost and improving the productivity vis-à-vis income of the farmers and their livelihood.
The “NutMagic” is a consortium of beneficial bacteria of groundnut comprising of plant growth promoting Rhizobacteria; phosphate solublizing bacteria and competitive strains of groundnut rhizobia recommended for both irrigated and rainfed groundnut production system after thorough multi-location evaluation.
Besides giving yield advantage of upto 20% on application of the formulation, it also improves the soil health, nutrient mobilization and uptake of nutrients by 7% to 10%.
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