Rapid Fire
PM-PRANAM
- 16 Aug 2024
- 2 min read
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
