The Cabinet Committee on Economic Affairs (CCEA) has granted its blessing to the long-awaited PM-PRANAM (PM Programme for Restoration, Awareness, Generation, Nourishment, and Amelioration of Mother Earth) plan.
A new age of agricultural practices is going to take root under the auspices of PM-PRANAM. A critical component of this programme is the widespread use of nutrient-based biofertilizers, which are essential for promoting long-term agricultural growth.
An extraordinary investment of 3,70,128.7 crore has been allotted to fuel the development of this transformational plan.The FRP for the 2023-24 sugar season is set at 315 per quintal for a basic recovery rate of 10.25%, up from 305 the previous year.
The PM-PRANAM Scheme: A Game-Changer for Agriculture
What is the PRANAM Scheme?
The PM-PRANAM plan, which stands for PM Programme for Restoration, Awareness, Generation, Nourishment, and Amelioration of Mother Earth, is a forward-thinking project that aims to safeguard the soil while also promoting balanced and sustainable fertiliser usage.
Key Objectives of the Scheme
The PRANAM scheme is driven by a set of clear objectives aimed at transforming the way agriculture interacts with the environment. These objectives include:
- Balanced Fertiliser Use: Encouraging the judicious use of fertilisers in conjunction with biofertilizers and organic fertilisers.
- Subsidy Reduction: Easing the burden of chemical fertiliser subsidies, which amounted to approximately Rs 2.25 lakh crores in the previous year.
- Incentivizing States: The scheme strives to incentivize states that embrace alternative fertilisers. The subsidy savings from reduced chemical fertiliser use will be shared with the states to support their development initiatives.
Financing and Funding
The financing model of the PRANAM scheme is innovative and resourceful. The scheme will be financed through the savings derived from existing fertiliser subsidies under various schemes run by the Department of Fertilisers, Ministry of Chemicals & Fertilisers.
This eliminates the need for a separate budget allocation for the scheme. The Centre, as a supportive measure, will provide states with 50% of the subsidy savings as a grant.
The Green Promise: Impact and Sustainability
Promoting Sustainable Agriculture Practices
The use and promotion of biofertilizers and organic fertilisers is key to the PRANAM scheme’s green promise. The project intends to improve soil fertility, minimise pollution, and assure the long-term sustainability of agricultural practices by transitioning away from chemical-intensive farming.
Tracking and Evaluation
The Integrated Fertilisers Management System is a critical instrument for monitoring and evaluating fertiliser usage. The government may measure the efficiency of the plan in decreasing chemical fertiliser usage by measuring the rise or reduction in total fertiliser consumption over the last three years.
Past Initiatives and Future Possibilities
Building on Past Initiatives
The PRANAM scheme builds upon previous initiatives that aimed to optimise fertiliser usage and reduce the subsidy burden on the government.
Initiatives such as the Direct Benefit Transfer system for fertilisers and the introduction of new nutrients like Nano urea and bio-stimulants have paved the way for innovative approaches in agriculture.
Biofertilizers: An Integral Component
Biofertilizers, the cornerstone of the PRANAM scheme, are carrier mediums enriched with live microorganisms that enhance soil nutrient availability. These microorganisms forge symbiotic relationships with plants, promoting nutrient uptake and soil health.
Summary
The PM-PRANAM scheme stands as a beacon of hope for sustainable agriculture in India. By incentivizing the adoption of biofertilizers and alternative fertilisers, the scheme strives to strike a balance between agricultural productivity and environmental preservation.
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