PM Pranam Yojana 2024: This Scheme Got Approval, 3.68 Lakh Crore Will be Spent in Three Years and All Information

PM Pranam Yojana: The national government supports farmers throughout the nation by offering subsidies for chemical fertilisers. However, the overuse of artificial fertilisers by farmers has become a problem that the government is currently dealing with. Consequently, the central government is bearing an ever-growing weight of subsidies. The national government is thinking of launching a programme to address this issue. The PM Promotion of Alternative Nutrition for Agriculture Management Scheme, or PM PRANAM Yojana, is the name of this programme. Reducing the amount of subsidies for chemical fertilisers is the main goal of the PM Pranam Yojana. If you are a farmer, you really should read this essay through to the very end. We will inform you of the advantages that both the federal government and the farmer brothers of the country get from PM PRANAM Yojana.

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PM PRANAM Yojana 2024

The central government is launching the PM PRANAM Yojana in an effort to lessen the growing cost of chemical fertiliser subsidies. since it is anticipated that the government will bear a subsidy expense of Rs 2.25 lakh crore in 2022–2023. 39% more will be here than in the previous year. ‘Indian Express’ reports that there won’t be a specific budget allocated for PM Pranam Yojana.

The funds for it will come from savings on ongoing fertiliser subsidies from the Department of Fertilizers. States that save money will receive a grant equal to half of the savings on subsidies. The remaining thirty per cent of the award will be given to self-help groups, farmer-producer organizations, panchayats, and farmers as rewards and incentives for their efforts to increase awareness and decrease the use of fertilizer. The state government will use seventy per cent of this award to create assets and implement new technology in alternative fertilizer production units at the village, block, and district levels.

On Wednesday, PM Pranam’s new initiative to urge states to use fewer chemical fertilisers and support alternative sectors was approved. The Union Cabinet on Wednesday gave its approval to the PM Pranam Yojana for farmers. The Cabinet has approved a budget of Rs 3.68 lakh crore for the PM Pranam Yojana. Let us remind you that at the presentation of the 2023–2023 budget in February, Finance Minister Nirmala Sitharaman declared the launch of the PM Pranam Yojana. which went into effect on June 28, 2023. The PM Pranam Yojana will save Rs 3000 crore in subsidies. This programme will encourage the balanced use of chemical and alternative fertilisers. The states and union territories will back this.

Details of PM PRANAM Yojana 2024

Name of the proposed scheme	PM Pranam Scheme
is being started	by the central government
Objective	To reduce the increasing subsidy burden of chemical fertilizers on the Central Government
Beneficiaries	Central government and the farmer brothers of the country
Relevant departments	Department of Fertilizers
Year	2024
Official Website	Not known yet.

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Purpose of PM Pranam Yojana

Reducing the burden of growing chemical fertiliser subsidies on the central government is the primary goal of PM PRANAM Yojana. because farmers are becoming more and more in need of artificial fertilisers every. In such a scenario, the federal government’s annual subsidy burden is rising. In the Union Budget 2021–22, the government had allotted Rs 79530 crore for chemical fertiliser subsidies, according to official figures. The updated forecasts increased this amount to Rs 1.40 lakh crore, while the final sum in 2021–2022 was Rs 1.62 lakh crore. Budgeted by the government for 2022–2023 is Rs 1.05 lakh crore. However, according to the Minister of Fertiliser, the amount of subsidies could exceed Rs 2.25 lakh crore this year.

This number will now continue to rise annually. due to the fact that farmers all throughout the nation utilise chemical fertilisers in significant amounts. The central government has therefore begun to consider the PM Pranam Yojana. This proposal can assist reduce the amount of additional chemical fertiliser subsidies that the government must provide.

Implementation of PM PRANAM Yojana

• The PM Pranam Yojana will not have its own budget. It will be financed by remaining fertiliser subsidies from programmes managed by the Department of Fertilisers.
• The State Governments would receive funds from the Central Government equal to half of the savings on fertiliser subsidies now in place.
• The State Government has allocated 70% of the grant for the purpose of creating alternative assets and adopting alternative fertiliser-producing units at the village, block, and district levels.
• The State Government would use the remaining thirty per cent of the award to compensate and provide incentives to farmers, panchayats, farmer producer organisations, and self-help groups who engage in raising awareness and cutting back on fertiliser use.

Benefits and Features of PM PRANAM Yojana

• Both the federal government and the farmer brothers will immediately profit from the PM Promotion of Alternative Nutrition for Agriculture Management Scheme.
• This programme will lessen the burden of rising chemical fertiliser subsidies.
• In 2022–2023 the estimated subsidy burden is Rs 2.25 lakh crore, a 39% increase over the previous year’s amount.
• Across the nation, farmers are using more and more chemical fertilisers. It is being discussed to launch this programme in order to decrease this use and lessen the burden of subsidies.
• The central government would offer funds to state governments under the PM PRANAM Yojana to support the establishment of assets connected to the technology adoption of alternative fertilisers and alternative fertiliser-producing units at the village, block, and district levels.
• The Department of Fertilisers’ programmes will allow savings from current fertiliser subsidies to be used towards this grant.
• Reports claim that during the September 7 National Conference on Agriculture for Rabi Campaign, senior officials of the Union Ministry of Chemicals and Fertilizers—who spearheaded the scheme’s conception—shared details of it with state government representatives.

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FAQs

Q. What is the PM Pranam scheme’s primary goal?
Ans: The overuse of chemical pesticides and fertilisers in agriculture is a serious problem that the PM-PRANAM seeks to solve. The overuse of pesticides and fertilisers in the quest for more output is sickening the planet and lowering its potential for production.

Q. What ministry introduced the PM Pranam programme?
Ans: In order to lower subsidy bills and fiscal deficits, the government should promote the PM-PRANAM plan. Before the planting season begins, the Department of Agriculture and Farmers Welfare evaluates the need for fertilisers each year and notifies the Ministry of Chemicals and Fertilisers to guarantee supplies.

Q. How much does the PM Pranam plan cost?
Ans: The PM-PRANAM is the Center’s attempt to encourage the states to use fewer chemical fertilisers and, in the end, reduce the subsidy burden, which is projected to reach Rs 2.25 lakh crore in 2022–2023—a 39% increase over the previous year’s number of Rs 1.62 lakh crore.

@MAN