PM PRANAM Scheme

The Union government plans to introduce a new scheme - PM Promotion of Alternate Nutrients for Agriculture Management Yojana (PM PRANAM).

Objectives

  • To reduce chemical fertiliser use
  • To reduce the subsidy burden on chemical fertiliser

Salient Features

  • The scheme will be financed by the “savings of existing fertiliser subsidy” under the schemes run by the Department of Fertilisers scheme and will not have a separate budget.
  • 50% subsidy savings will be given as a grant to the state that saves money.
  • States can use 70% of the grant given under the scheme for asset creation related to alternate fertiliser production and technological adoption ....
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