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Home Agriculture

PM PRANAM

September 20, 2022
in Agriculture
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PM PRANAM
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In news–In order to reduce the use of chemical fertilisers by incentivising states, the Union government plans to introduce a new scheme called PM PRANAM.

Key features of the scheme-

  • PM PRANAM stands for PM Promotion of Alternate Nutrients for Agriculture Management Yojana.
  • The proposed scheme intends to reduce the subsidy burden on chemical fertilisers, which is expected to increase to Rs 2.25 lakh crore in 2022-2023, which is 39% higher than the previous year’s figure of Rs 1.62 lakh crore.
  • The scheme will not have a separate budget and will be financed by the “savings of existing fertiliser subsidy” under schemes run by the Department of fertilisers.
  • Further, 50% subsidy savings will be passed on as a grant to the state that saves the money, and that 70% of the grant provided under the scheme can be used for asset creation related to technological adoption of alternate fertilisers and alternate fertiliser production units at village, block and district levels.
  • The remaining 30% grant money can be used for incentivising farmers, panchayats, farmer producer organisations and self-help groups that are involved in the reduction of fertiliser use and awareness generation.
  • The government will compare a state’s increase or reduction in urea in a year, to its average consumption of urea during the last three years. 
  • Data available on a fertiliser Ministry dashboard, iFMS (Integrated fertilisers Management System), will be used for this purpose.
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Source: The Indian Express
Tags: NewspaperPrelims

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