Explanation:

Both statements are correct.

• The PM-PRANAM scheme is designed to promote sustainable agriculture and reduce the reliance on chemical fertilizers. It encourages the adoption of alternative fertilizers and responsible fertilizer usage to protect the environment and ensure the long-term health of the agricultural sector. 

• The funding for the PM-PRANAM scheme will be sourced from the savings obtained through existing fertilizer subsidies. Half of the subsidy savings will be given to the states as a grant, which can be utilized for creating assets related to the adoption and production of alternate fertilizers at the village, block, and district levels. 

Hence option 3rd is correct.