The Union Cabinet on Wednesday approved a new scheme ‘PM-PRANAM’ to promote alternative fertilizers and encourage states to reduce the use of chemical fertilizers.
Finance Minister Nirmala Sitharaman had announced the implementation of the PM PRANAM (PM Program for Restoration, Awareness, Creation, Nurturing and Improvement of the Earth) scheme in the budget for 2023-24 presented on February 1.
“Under this scheme, the Center will encourage states to promote alternative fertilizers and reduce the use of chemical fertilizers,” Fertilizer Minister Mansukh Mandaviya told reporters after the cabinet meeting.
“Under this scheme, the Center will encourage states to promote alternative fertilizers and reduce the use of chemical fertilizers,” Fertilizer Minister Mansukh Mandaviya told reporters after the cabinet meeting.
Citing an example, he said that if a state using 10 lakh tonnes of conventional fertiliser, reduces its consumption by three lakh tonnes, then Rs 3,000 crore of subsidy would be saved. Out of this remaining subsidy, 50 percent that is Rs 1,500 crore will be given to that state for the use of alternative fertilizers and other development works.
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