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.

Union Cabinet approved PM-PRANAM scheme