In a significant move to promote sustainable agriculture practices and reduce the burden on chemical fertilizers, the Cabinet is expected to give its approval to the PM-PRANAM scheme. Proposed in the Budget 2023, this scheme aims to encourage the adoption of alternate nutrient sources for agricultural management. Here are the crucial details you must not miss about the PM-PRANAM scheme.
What is PM-PRANAM? PM-PRANAM stands for PM Programme for Mother Earth Restoration, Awareness, Nourishment, and Amelioration. The scheme’s primary objective is to reduce the usage of chemical fertilizers and promote the balanced use of nutrients in agriculture. By advocating for alternative fertilizers, the government aims to foster green growth and minimize environmental impact.
Objective of the Scheme: The main goal of the PM-PRANAM scheme is to promote the judicious use of fertilizers by combining biofertilizers and organic fertilizers. The scheme also seeks to reduce state subsidies. As part of this initiative, states will receive a grant equal to 50% of their subsidy savings. The funds saved from subsidies will be directed towards financing new technologies in the fertilizer industry.
Benefits of the PM-PRANAM Scheme: The PM-PRANAM Scheme is set to benefit over a crore farmers across India. By promoting alternatives to chemical fertilizers, the government aims to provide farmers with cost-effective and environmentally friendly options for maintaining soil fertility. The scheme strives to promote the use of alternative nutrients for effective agricultural management.
Other Key Points: According to reports, approximately 70% of the funds allocated under the PM-PRANAM scheme will be utilized for asset building related to the adoption of alternate fertilizers. This includes the establishment of alternate fertilizer production units at the village, block, and district levels, promoting technological advancements in this field.
The remaining 30% of the funds will be utilized to reward and incentivize farmers, panchayats, farmer producer organizations, and self-help groups actively engaged in fertilizer reduction and awareness building. This approach aims to encourage stakeholders at various levels to actively participate in sustainable agricultural practices.
With the Cabinet’s expected approval of the PM-PRANAM scheme, India is taking a significant step toward promoting environmentally conscious agriculture and reducing dependence on chemical fertilizers. By encouraging the adoption of alternate fertilizers and providing support to farmers, the government is paving the way for a greener and more sustainable future in the agricultural sector.
The PM-PRANAM scheme demonstrates the government’s commitment to striking a balance between agricultural productivity and environmental preservation. As the nation moves forward with this initiative, it is hoped that it will serve as a model for other countries grappling with similar challenges, ultimately leading to a more sustainable and resilient agricultural system.
