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PM Pranaam Scheme: All Details you need to know about this Scheme

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It is possible that you may recall that Prime Minister Narendra Modi, during his speech on August 15, urged farmers to lessen their dependency on chemical fertilisers.

He encouraged farmers to use natural farming methods. PM Modi stated that natural farming and chemical-free agriculture can help the country achieve its goal of becoming self-reliant.

PM Modi reminded farmers during his address to the Natural Farming Conclave held in July that natural farming is a way of making money, as well as serving and respecting our mother earth.

Natural farming is a way to serve Mother Earth and protect the soil’s quality and productivity.

Natural farming is a way to serve nature and the environment. He said that natural farming also gives you the opportunity to serve Gaumata.

This indicates that the central government was actively working to bring about a policy related natural farming.

According to various reports, the Pradhan Mantri – Promotion of Alternative Nutritious and Agriculture Management (PMPRANAM scheme) will be out soon.

The PM-PRANAM program is designed to discourage the use of chemical fertilizers and promote sustainable agricultural practices.

The scheme would incentivize states that use less chemical fertilizers in a given year than the average amount over the past three years.

States would receive 50% of the fertilizer subsidy savings they make by using less fertilizer.

You may recall that farmers have relied heavily on fertilizers like urea, diammoniumphosphate (DAP) and Muriate of Potash to increase their yields.

This scheme will reduce government subsidy burdens and promote natural farming.

The centre spent Rs 1.62 lakh crore last year on fertiliser subsidy. This amount is expected to rise to Rs 2.25 crore crore by 2022-2023.

According to reports, 70% of this incentive can be used by states for welfare and other related developments.

The 30% remaining grant can be used to incentivise farmers, panchayats and self-help groups that have contributed in reducing fertilizer use.

This scheme could be a game changer for agriculture as it promotes natural farming, which increases yield and reduces subsidy burdern. It also incentivizes states.

According to government data fertilizer needs have increased over the past few years.

Between 2017-2018 and 2021-2022 the total fertilizer requirements rose by 21%, from 528.86 million metric tonnes (LMT), to 640.27LMT. This also increased the subsidy burden.

After receiving inputs from all parties, the government is still working out the details of the PM-PRANAM program. The scheme’s launch date has not yet been set.

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