The Cabinet Committee on Economic Affairs (CCEA), approved the PM-PRANAM scheme, aimed at restoring and nurturing the Mother Earth through the use of biofertilizers.
PM-PRANAM stands for Prime Minister Programme for Restoration, Awareness Generation, Nourishment, and Amelioration of Mother-Earth.
It aims to complement the efforts initiated by States/UTs to save the health of Earth by promoting sustainable and balanced use of fertilizers, adopting alternate fertilizers, promoting organic & natural farming etc.
All States/UTs are covered under the PM- PRANAM.
Under the scheme, 50% of the fertilizer subsidy saved by a State/UT in a particular financial year by way of reduction in consumption of chemical fertilizers (Urea, DAP, NPK, MOP) compared to previous 3 years’ average consumption, will be passed on to that State/UT as Grant.
States/UTs can utilize this grant for the benefit of people in the state, including farmers.