Govt approves PM-PRANAM to boost balanced use of fertilisers; Rs 3.68 lakh crore subsidy on urea till March 2025

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The Centre on Wednesday approved a new scheme PM-PRANAM to incentivise states to promote alternative fertilisers and reduce the use of chemical fertilisers and also decided to continue the current urea subsidy scheme for three years ending March 2025, with an outlay of Rs 3.68 lakh crore...

That apart, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved an outlay of Rs 1,451 crore subsidy to promote organic manure, taking the total package to over Rs 3.70 lakh crore...

The CCEA also decided to introduce sulphur-coated urea (Urea Gold) in the country for the first time to address sulphur deficiency in the soil...

Under the scheme, a subsidy of Rs 1,500 per tonne will be provided to support the marketing of organic fertilisers -- Fermented Organic Manures (FOM)/Liquid FOM/Phosphate Rich Organic Manures (PROM) produced as by-products from Biogas Plants/Compressed Biogas (CBG) Plants set up under umbrella GOBARdhan initiative...

Asserting that the government is pro-poor and pro-farmers, Mandaviya said the Centre has provided Rs 6,30,890 crore during 2022-23 under five schemes, including fertiliser subsidy, PM-KISAN, Price Stabilisation Fund, expense on procurement at MSP and NRLM...

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These schemes will help in the judicious use of chemical fertilizers, thereby reducing the input cost of cultivation for the farmers. Promoting organic farming, and alternate fertilizers like nano fertilizers and organic fertilizers will help in restoring the fertility of our mother earth.