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Q62 (CISF/2025) Economy › Agriculture & Rural Economy

PM-PRANAM initiative aims to complement the efforts of States/UTs to save the health of Mother Earth.
PM-PRANAM is an abbreviation of :

Result
Your answer: —  Â·  Correct: B

Explanation

The PM-PRANAM (PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth) was approved by the Cabinet Committee on Economic Affairs in June 2023, following its announcement in the 2023-24 Union Budget.

  • Objective: To incentivize States and Union Territories to promote the balanced use of chemical fertilizers and alternative fertilizers (such as organic and bio-fertilizers) to improve soil health.
  • Funding: The scheme has no separate budget outlay. It is funded by the savings generated from the reduction in fertilizer subsidies.
  • Incentive Structure: 50% of the subsidy savings are provided as a grant to the state that achieves the saving. Of this grant, 70% is earmarked for asset creation (e.g., technology adoption for alternate fertilizers), and 30% is used to incentivize farmers, panchayats, and SHGs for their contribution to reducing fertilizer use.
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