PM PRANAM Scheme in Union Budget 2023-24
While presenting the Union Budget 2023-24, FM said "PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth will be launched to incentivize states and union territories to promote alternative fertilizers and balanced use of chemical fertilizers".
Grant under PM Pranam Scheme
70% of grant under PM Pranam Scheme would be used for asset creation related to technological adoption of alternate fertilisers and alternate fertiliser production units at village, block and district levels. 30% of grant under PM Pranam Scheme would be used for incentivising farmers, panchayats, farmer producer organisations and self-help groups that are involved in the reduction of fertiliser use and awareness generation.Need for PM Pranam Scheme
PM Pranam Scheme has been introduced due to increase in demand for fertiliser in the country over the past 5 years which has also increased the overall expenditure by the government on subsidy. The total requirement of four fertilisers - Urea, DAP (Di-ammonium Phosphate), MOP (Muriate of potash), NPKS (Nitrogen, Phosphorus and Potassium) - has increased overtime.In light of the increased demand, the government has also been increasing the subsidies it provides for chemical fertilisers. PM PRANAM has thus been introduced which seeks to reduce the use of chemical fertiliser and is likely to reduce the burden on the exchequer. The PM Pranam scheme is also in line with the government's focus on promoting the balanced use of fertilisers or alternative fertilisers in the last few years.
Check PM Pranam in Union Budget 2023-24 at https://www.indiabudget.gov.in/
0 Comments
You can leave your comment here