To deal with the increasing subsidy burden on chemical fertilizers, the central government is soon going to launch PM Pranam Yojana ie PM Promotion of Alternative Nutrition for Agriculture Management Scheme.
Already, subsidy on chemical fertilizers is provided by the central government to help farmers across the country. But now a problem has arisen in front of the government – the use of chemical fertilizers by the farmers has started in great quantity.
Due to this the burden of subsidy on the central government is increasing. To solve this problem, the central government is considering starting this scheme.
The basic objective of PM Pranam Yojana is to reduce the subsidy burden on chemical fertilizers. Because the subsidy burden on the government is expected to be Rs 2.25 lakh crore in 2022-23. This will be 39% higher than last year’s figures.
No separate budget or fund allocation will be earmarked for PM Pranaam Yojana. It will be funded from the savings of existing fertilizer subsidies under schemes run by the Department of Fertilizers. 50% of the subsidy savings will be given as a grant to the saving states. “Out of which 70 Percent of this State Government grant” will be used for technology adoption and alternatively asset creation to “alternative fertilizer production units at village, block, and district level and the remaining 30 Percent will be utilized for those farmers, Panchayats, Farmer Producer Organizations and farmers”. To reward and encourage Self Help Groups which will be involved in reducing the use of fertilizers and creating awareness.