PM PRANAM Scheme
The Union government plans to introduce a new scheme - PM Promotion of Alternate Nutrients for Agriculture Management Yojana (PM PRANAM).
Need for PM PRANAM Scheme
- According to government statistics, the combined demand for urea, MOP (Muriate of Potash), DAP (Di-Ammonium Phosphate) and NPKS (Nitrogen, Phosphorus, and Potassium) increased by 21% from 528.86 LMT (Lakh Metric Tonnes) to 640.27 LMT between 2017-18 and 2021-22.
- The overall expenditure on subsidies has increased due to an increased demand for fertiliser over the past five years.
Objectives
- To reduce chemical fertiliser use
- To reduce the subsidy burden on chemical fertiliser
Salient Features
- The ....
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