PM-PRANAM scheme: Know how it is beneficial for farmers, panchayats, and others!
PM Narendra Modi urged farmers to reduce their dependence on chemical fertilizers and encouraged them to use organic farming methods in his Independence Day speech on August 15. He said that natural farming and chemical-free farming can give strength to the country's goal of becoming self-reliant.
PM Modi, while addressing the Natural Farming Conclave in July this year, reminded the farmers that along with natural farming being a means of prosperity, it is also the honor and service of our mother earth. He said- “When you do natural farming, you serve Mother Earth, protect the quality of the soil and its productivity. When you do natural farming you are serving nature and the environment. When you join natural farming, you also get the privilege of serving Gaumata.”
This proves that the government is working on a policy related to natural farming and now according to reports, it is soon ready to promote the Pradhan Mantri-Alternative Nutrient and Agricultural Management (PM-PRANAM) scheme. The objective of the PM-PRANAM scheme is to discourage the use of chemical fertilizers and promote sustainable farming practices.
As per the scheme, states which use fewer chemical fertilizers in a given year as compared to the previous three years will get incentives. The savings in fertilizer subsidy that the states get by using less fertilizer will be distributed at the rate of 50%. It is to be noted that in order to increase their yields, farmers are heavily dependent on fertilizers such as Urea, Diammonium Phosphate (DAP), and Murata of Potash (MOP).
This scheme will help the government to reduce the burden of fertilizer subsidy apart from promoting natural farming. Last year, the Center spent around Rs 1.62 lakh crore on fertilizer subsidy and it is expected to increase to Rs 2.25 lakh crore in 2022-2023.
According to reports, the states can use about 70% of that incentive for farmers' welfare and related development and the rest can be used to encourage panchayats, farmers, and self-help groups that have reduced the use of fertilizers. helped to do.
This program can be a game-changer for the agriculture industry as it will encourage natural farming, which will increase the yield, reduce the subsidy burden and also give incentives to the states.
According to government statistics, the need for fertilizers has increased recently. Between 2017-2018 and 2021-2022, the combined demand for urea, DAP (di-ammonium phosphate), MOP (mutates of potash), and NPKS (nitrogen, phosphorus, and potassium) grew by 21% to 640.27 LMT from 528.86 lakh MT. Went. The subsidy burden has also been increased.
After considering the inputs of all interested parties, the government is still working out the finer details of the PM-PRANAM scheme. The launch date of the program has not been decided yet.