Recently, the Cabinet Committee on Economic Affairs (CCEA) has approved the PM-PRANAM (PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth) scheme.

About PM-PRANAM Scheme

  • Approved in – June, 2023
  • Approved by the Cabinet Committee on Economic Affairs (CCEA)
  • Announced in-Budget 2023-2024

Key Highlights

  • The PM-PRANAM scheme is a step towards promoting sustainable agriculture and reducing the dependency on chemical fertilizers.
  • Under the scheme, states that will adopt alternative fertilizers will be incentivized with the subsidy that is saved by reducing the use of chemical fertilizers.
  • The PM-PRANAM scheme aims at saving the soil and promoting sustainable, balanced use of fertilizers and it involves the participation of State governments.
  • The scheme will be financed by the savings from existing fertilizer subsidies and it will not have a separate budget.
  • The Integrated Fertilizers Management System (IFMS) is the platform envisaged to track the use of fertilizers.