PM-PRANAM

• 16 Aug 2024

Source: PIB

The Union Minister of State for Chemicals and Fertilisers in reply to a question in the Lok Sabha provided information regarding the PM-PRANAM initiative of the government.

• PM-PRANAM stands for PM Programme for Restoration, Awareness Generation, Nourishment, and Amelioration of Mother-Earth.
  • It was announced in the 2023-24 Budget by the Union government.
• Aim: To complement state/UT efforts to promote:
  • Sustainable and balanced use of fertilisers.
  • Encourage the adoption of alternative fertilisers.
  • Promote organic and natural farming practices.
• Financial Mechanism: States and UTs that reduce their chemical fertiliser consumption compared to the past 3 years' average will receive 50% of the savings from the fertiliser subsidy.
  • This grant can be used for the benefit of the local population, including farmers.
• Fertiliser Types Covered: Urea, DAP (Diammonium Phosphate), NPK (Nitrogen, Phosphorus, Potassium), and MOP (Muriate of Potash). 
• Scope: All States and UTs in India.
• Cabinet Committee on Economic Affairs (CCEA):
  • It is chaired by the Prime Minister, and sets priorities for public sector investments.
  • It continuously reviews economic trends to develop an integrated economic policy framework and oversees policies and activities in the economic field, including foreign investment, requiring high-level decisions.

Read More: PM-PRANAM Scheme and Increased FRP