New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    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?
    A PM Promotion of Agricultural Nutrients for Reduced Fertiliser Usage Yojana Correct Answer Incorrect Answer
    B PM Programme of Restoration, Awareness, Nourishment and Amelioration of Mother Earth. Correct Answer Incorrect Answer
    C PM Programme for Minimizing Chemical Fertiliser Subsidies Correct Answer Incorrect Answer
    D PM Provision for Agricultural Nutrient Management Yojana Correct Answer Incorrect Answer
    E PM Plan for Reducing Chemical Fertiliser Dependency Correct Answer Incorrect Answer

    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.

    Practice Next

    Relevant for Exams: