PM PRANAM YOJANA

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PM PRANAM OVERVIEW:

The abbreviation of PRANAM stands for Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth. The PM PRANAM is a Government of India’s scheme which aims to reduce the use of chemical fertilizers by incentivizing states to adopt alternate fertilizers. Finance Minister Smt. Nirmala Sitharaman had announced the PM PRANAM scheme in her budget 2023-2024. Its aim is to promote alternate Fertilizers and balanced use of chemical fertilizers. The PM PRANAM scheme comes under the Union Ministry of Chemical and Fertilizers. The PM PRANAM intends to reduce the subsidy burden on chemical fertilizers anticipating to increase to Rs 2.25 lakh crores in FY 2022-23, that is higher than the previous year’s figure of Rs 1.62 lakh crores. The four fertilizers Urea, DAP(Di-ammonium Phosphate), MOP(Muriate of Potash) and  NPKS(Nitrogen, Phosphorus and Potassium) which demand increased by 21% between the FY 2017-18 and the FY 2021-2022. The maximum increase 25.44% has been recorded in the requirement of DAP. It went up from 98.77 LMT in 2017-18 to 123.9 LMT in 2021-22. Urea is the most used chemical fertilizer in the country, recorded an increase of 19.64% from 298 LMT in 2017-18 to 356.53 in 2021-22 in the last five years.

Table of Contents:

1.0         PM PRANAM Yojana objective.

1.1         Features

1.2         Benefit to the society

1.3         Budget

1.4         Eligibility criteria

1.5         Impact of PM PRANAM

2.0        FAQ

PM PRANAM OBJECTIVES:

The scheme aims to reduce the consumption of chemical fertilizers and ensure that the states to make sustainable environment. The following are the basic objectives of PM PRANM scheme:

  • The basic objectives of the PM PRANAM to reduce the overall consumption of fertilizers by incentivizing the states through the awareness of making proper environment.
  • To make encourage the farmers the balance use of fertilizers in conjunction with bio-fertilizers and organic fertilizers.
  • To reduce the subsidy burden on chemical fertilizers than the previous financial years which was around Rs 2.25 lakh crores.

PM PRANAM OBJECTIVES:

The scheme aims to reduce the consumption of chemical fertilizers and ensure that the states to make sustainable environment. The following are the basic objectives of PM PRANM scheme:

  • The basic objectives of the PM PRANAM to reduce the overall consumption of fertilizers by incentivizing the states through the awareness of making proper environment.
  • To make encourage the farmers the balance use of fertilizers in conjunction with bio-fertilizers and organic fertilizers.
  • To reduce the subsidy burden on chemical fertilizers than the previous financial years which was around Rs 2.25 lakh crores.

PM PRANAM FEATURES:

There are a few features of PM PRANAM Yojana. The features are mentioned as below.

  • Finance is an important factor to this scheme. This scheme will be finance by the Savings of existing fertilizer subsidies under schemes run by the Department of Fertilizers, Ministry of Chemicals & Fertilizers.
  • There is no separate budget for the PM Pranam Yojana.
  • The Central Govt. will make a provision of 50% of the subsidy savings to the states or the Union Territories as a grant.
  • Out of the grant, 70% of fund can be utilized for assets creation related to technological adoption of alternative fertilizers and production unit at various levels.
  • The remaining 30% can be utilized for reward and encourage the farmers, panchayats, self-help groups and other stakeholders who involved in reduction of chemical fertilizers and generation of awareness.
  • The consumption of chemical fertilizers by the states will be calculated on its average consumption of urea over the past three years.
  • The eligibility for subsidy savings and grants will be determine by the calculation of urea consumption.
  • Encourage the farmers to use biofertilizers and organic fertilizers which will certainly promote sustainable agricultural practices.
  • By implementing the PM PRANAM Yojana will definitely enhance the soil fertility, reduce environment pollution and support long-term agricultural productivity.

 PM PRANAM Yojana benefits to the society:

The society will be benefited by the PM PRANAM scheme.

  • The main aim of this scheme is to reduce the use of chemical fertilizers in farms. 
  • To promote using other nutrients and fertilisers. 
  • The quality of soil will improve in the long run, if the level of chemical fertilizers reduced in cultivation. Definitely, it will enhance the productivity of the agriculture. 
  • Excessive uses of chemical fertilizers affect the human health condition and may cause dangerous diseases like cancers. The PM PRANAM scheme will enhance a safe environment.
  • By using excessive use of chemical fertilizers, the water bodies and surrounding may be polluted and it leads to a dangerous to the aquatic and other creatures live. The scheme will help certainly to keep and maintain a sustainable environmental.

 PM PRANAM Yojana Budget:

There is no separate budget for the PM PRANAM Yojana, a 50% subsidy savings will be provided to the states or the Union Territories.  Out of the grant, 70% of fund can used for assets creation related to the technological adoption of alternate fertilizers and production unit at various levels. The remaining 30% can be utilized for incentivizing the farmers, panchayats, self-help groups and other stakeholders who involved in reduction of chemical fertilizers and make sustainable environment.

The Central Government plans to reduce the use of chemical fertilizers and bring down the subsidy burden which estimated to reach Rs 2.25 lakh crores in the FY 2022-23. This figure is higher than the last year’s figure of Rs1.62 lakh crores.

PM PRANAM Yojana Eligibility criteria:

The following are the eligibility criteria to be fulfill by the beneficiary:

  1. The applicant must be a resident of India
  2. The applicant has to attained the age of 60 or above.

PM PRANAM Yojana Impact:

PM PRANAM is expected to have a significant impact on the Indian agriculture sector for the following reasons:

  • Lower fertilizer consumption
  • Reduce the subsidy burden
  • Improve soil quality
  • Encourage sustainable farming
  • Minimize human health and environmental concerns

The registration of PM PRANAM Yojana is not yet commenced. But as soon as the Scheme gets launched officially, the PM PRANAM Yojana Registration Link will go live soon.

FAQ:

What is PM PRANAM?

  • PM PRANAM is a Government of India’s scheme which aims to reduce the chemical fertilizers by incentivizing the states to adopt alternate fertilizers.

What is the objective of PM PRANAM?

  • The objective of PM PRANAM is to reduce the chemical fertilizers by incentivizing the states to adopt alternate fertilizers.

Who will benefit from the PM PRANAM?

  • The farmers, panchayats, farmer producer organizations, self-help groups etc. will be benefitted from the PM PRANAM scheme.

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