Sign In
Learn bits
Schemes & Policies
Mahesh

20/09/22 22:09 PM IST

PM-PRANAM scheme

In News 
  • The Centre is introducing the PM-PRANAM scheme to encourage states to cut down on the use of fertilisers and promote healthy alternatives.
Features of the scheme 
  • The Centre will  introduce its Pradhan Mantri-Promotion of Alternate Nutrients for Agriculture Management Yojana (PM-PRANAM) to encourage states to cut down on their use of fertilisers.
  • The government under the proposed scheme will reduce the subsidy on chemical fertilisers which is expected to increase to Rs 2.25 lakh crore in 2022-2023 – a 39 per cent hike compared to the previous year’s Rs 1.62 lakh crore.
  • The Centre will make the determination by comparing a state’s use of chemical fertilisers in a given year to its average usage in the past three years.
  • The scheme would be financed by the ‘savings of existing fertiliser subsidy’ and that 50 per cent savings would be passed on to states that save money and that 70 per cent of the grant under the scheme would be used to create assets related to using alternate fertilisers and their production at village, block and district levels.
  • The rest 30 per cent grant would be used to aid farmers, panchayats, farmer producer organisations and self-help groups involved in reducing fertiliser use and generating awareness,.
  • Under the scheme, the states with lesser utilisation of chemical fertilisers in a particular year as compared to the average quantity in the last three years would be incentivised.
Why this scheme? 
  • Because of the 21 per cent increase in the need for four fertilisers.
  • The use of Urea, Di-ammonium Phosphate (DAP), Muriate of potash (MOP), and Nitrogen, Phosphorus and Potassium )NPK), has increased from 528.86 lakh metric tonnes in 2017-18 to 640.27 lakh metric tonnes (LMT) in 2021-22.
  • The Centre is thus intending to introduce this scheme to promote the balanced use of fertilisers or alternative fertilisers. 
Source- Indian Express 

More Related Current Affairs View All

05 May

Key objectives of caste count

'The Union Cabinet has decided that the next Census will include questions on caste to its enumeration of India’s population, for the first time in almost a century. ' T

Read More

05 May

2 new genome-edited rice varieties

'Agriculture Minister Shivraj Singh Chouhan recently released two genome-edited varieties of rice, the first achievement of its kind in the country.' These two varieties, which

Read More

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps