Budget 2023: PM Pranam Yojana Announced To Promote Alternative Fertilizers

PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth’ will be launched to incentivize States and Union Territories to promote alternative fertilizers

Finance Minister also announced ‘GOBARdhan scheme’ in Budget 2023. 

Source : Canva

Union Finance Minister Nirmala Sitharaman in Budget 2023, announced the launch of “PM Pranam Yojana” for the promotion of alternative fertilizers and balanced use of chemical fertilizers. 

Finance Minister in her speech said, “PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth’ (PM Pranam) will be launched to incentivize States and Union Territories to promote alternative fertilizers and balanced use of chemical fertilizers.”

Union Finance Minister Nirmala Sitharaman on Wednesday tabled the annual Budget for the fiscal year 2023-24. The annual Union Budget 2023 included multiple schemes for farmers as well to nudge farmers in the direction of green farming.

Sitharaman said, Over the next 3 years, we will facilitate 1 crore farmers to adopt natural farming. For this, 10,000 Bio-Input Resource Centres will be set up, creating a national-level distributed micro-fertilizer and pesticide manufacturing network. 

Additionally, the Finance Minister also announced ‘GOBARdhan scheme’ in Budget 2023. 

Under the scheme, She said, “500 new ‘waste to wealth’ plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme will be established for promoting circular economy. These will include 200 compressed biogas (CBG) plants, including 75 plants in urban areas, and 300 community or cluster-based plants at total investment of Rs 10,000 crore."

“5 per cent CBG mandate will be introduced for all organizations marketing natural and bio gas. For collection of bio-mass and distribution of bio-manure, appropriate fiscal support will be provided,” Sitharaman added. 

Finance Minister Nirmala Sitharaman begin her speech by saying that this Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous and inclusive India, in which the fruits of development reach all regions and citizens, especially our youth, women, farmers, OBCs, Scheduled Castes, and Scheduled Tribes. 

Our focus on wide-ranging reforms and sound policies, implemented through Sabka Prayas resulting in Jan Bhagidari and targeted support to those in need, helped us perform well in trying times, Sitharaman said.