PM PRANAM Yojana: What is PM Pranam Yojana, which will change the picture of farmers? know here...
The Modi government is working on such a scheme, which will reduce the subsidy burden on the government exchequer and also reduce the use of chemicals in agriculture. Under PM Pranam Yojana, the government will work on creating an alternative to chemical fertilizers.
According to the news of the Indian Express, the central government is preparing the outline of the PM Promotion of Alternate Nutrients for Agriculture Management (PM PRANAM) scheme and has also sought suggestions from the states on this. The objective of the scheme is to reduce the increasing burden of fertilizer subsidy on the Center and also to reduce the use of chemical fertilizers on crops.
According to the estimates of the Ministry of Fertilizers, the figure of subsidy on chemical fertilizers will reach Rs 2.25 lakh crore in the current financial year, which will be more than 39 percent from the previous financial year. In 2021-22, the government had to spend Rs 1.62 lakh crore as a subsidy on chemical fertilizers. To avoid this burden on the exchequer, the PM Pranam scheme is being brought.
How will the scheme get funded?
Sources related to the matter say that separate funds will not be released for this scheme, but the money given as a subsidy on chemical fertilizers will be spent on it. 50 percent of the subsidy amount will be distributed among the states, out of which 70 percent will be spent on fertilizers made as an alternative to chemical fertilizers. For this, money will be spent on infra along with technology and equipment. Under the scheme, fertilizer units will be set up at the village, block, and district levels.
Farmers will get incentive
Out of the grant received by the states, 30 percent will be spent on promoting farmers, panchayats and farmer producer organizations, and self-help groups. Their work will be to spread awareness to reduce the use of chemical fertilizers and encourage farmers to use alternative fertilizers. The government is also preparing to reduce the production and consumption of urea on an annual basis.