Economics • Indian EconomyMedium
What is the primary objective of the 'PM-PRANAM' scheme launched by the Government of India?
A. To promote organic farming exclusively in North-Eastern states
B. To incentivize states and union territories to promote alternative fertilizers and balanced use of chemical fertilizers✓ Correct Answer
C. To provide direct cash transfers to farmers for purchasing tractors
D. To construct cold storage chains across rural agricultural mandis
💡 Solution & Explanation
The PM-PRANAM scheme was launched to incentivize states and union territories to promote alternative fertilizers and reduce the consumption of chemical fertilizers to restore soil health. The initiative aims to bridge the fertilizer subsidy burden by encouraging balanced nutrient application rather than direct tractor cash transfers or organic farming restrictions. This policy addresses long-term agricultural sustainability and fiscal consolidation simultaneously.
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