Union Cabinet approved PM-PRANAM scheme

Union Cabinet approved PM-PRANAM scheme

Daily Current Affairs   /   Union Cabinet approved PM-PRANAM scheme

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Category : National Published on: July 01 2023

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  • The Union Cabinet Committee on Economic Affairs (CCEA) on 28 June approved the PM-PRANAM Scheme.
  • The scheme is aimed at incentivising states to use alternative, non-chemical fertilisers.
  • The cavinet also decided to continue the current urea subsidy for three years starting FY23, with an outlay of Rs 3.68 trillion.
  • The full name of PM PRANAM is Promotion of Alternative Nutrients for Agriculture Management Scheme.
  • Reducing the subsidy burden on chemical fertilisers, which is projected to reach Rs 2.25 lakh crore in 2022-23 - 39 per centmore than last year's figure of Rs 1.62 lakh crore.
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