The PM Pranam Scheme is the scheme to provide good quality fertilizer to the agriculture sector. Its full form is PM Promotion of Alternate Nutrients for Agriculture Management. Various Government Schemes and their information are asked in Civil Services Examination such as UPSC, BPSC, UPPSC etc. You will get all the important details of the PM Pranam Scheme in this post.
PM Pranam Scheme Important Facts
|Scheme Name||PM Pranam Scheme|
|Full Form||PM Promotion of Alternate Nutrients for Agriculture Management|
|Purpose||To reduce the use of chemical fertilisers/ |
To reduce subsidy burden of chemical fertilisers
|Ministry||Union Ministry of Chemicals and Fertilisers|
|Aim||To reduce the cost of subsidies for chemical fertilisers, which is projected|
to increase by 39% from 2021’s figure of Rs 1.62 lakh crore to Rs 2.25 lakh
crore in 2022–23.
PM Pranam Scheme Details
PM Pranam Scheme is launched to reduce the use of chemical fertilisers in agriculture sector and make the sector adopt techniques and methods to use alternate fertilisers. The main fertilisers that are used in the agricultural sector are Urea, DAP (Di-ammonium Phosphate), MOP (Muriate of potash), NPKS (Nitrogen, Phosphorus and Potassium).
Due to the high demand of these fertilizers Government has to provide huge subsidy on these. The government had a budget allocation for this purpose as Rs 79,530 crore in the Union Budget 2021–22, which reached to Rs 1.40 lakh crore in the Revised Estimates (RE). But in 2021–2022, the total amount of the fertiliser subsidy reached Rs. 1.62 lakh crore. The fertiliser subsidy figure could cross Rs 2.25 lakh crore during this year, the Fertiliser minister stated.
The PM Pranam Scheme will help relieve the Government of this heavy burden on subsidies and will help in creating a sustainable form of farming.
Key Features of the PM Pranam Scheme
- There will be no different budgetary allocation for this scheme. Savings of existing fertiliser subsidy will be utilised for financing this scheme that are run by the Department of Fertilisers.
- 50% of subsidy savings will be passed on to the state as a grant which saves money.
- 70% of the grant provided under the scheme can be used for asset creation.
- The remaining 30% grant money can be used for rewarding and encouraging farmers, panchayats, farmer producer organisations and self-help groups that are involved in the reduction of fertiliser use and awareness generation.
- The calculation of reducing chemical fertiliser use of urea in a year will be compared to the average consumption of urea during the last three years.
- Integrated Fertilisers Management System IFMS will be created to track the use of fertilisers.
According to reports, the ministry is currently looking for feedback on the suggested plan. The draft of the scheme is expected to be rolled down after the conclusion of inter-ministerial discussions and inputs from various departments involved.