Question
What does the acronym PM PRANAM stand for in the context
of the Union government's scheme aimed at reducing the use of chemical fertilisers and reducing subsidy burden?Solution
Explanation: The newly launched scheme in the Budget of year 2023-24 is the PM Pranam Scheme which stands for PM Programme of Restoration, Awareness, Nourishment and Amelioration of Mother Earth. The PM PRANAM Scheme 2023 has been launched with the objective to make use of alternative fertilizers rather than chemical fertilizers. In order to produce healthy crops, the Government has provided a scheme where 50% subsidy will be provided to the state who will save money based on the reduction of usage of chemical fertilizers.
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