The Union Cabinet Committee on Economic Affairs (CCEA) on 28 June approved the PM-PRANAM Scheme.

• The scheme is aimed at incentivising states to use alternative, non-chemical fertilisers.
• The cavinet also decided to continue the current urea subsidy for three years starting FY23, with an outlay of Rs 3.68 trillion.
• The full name of PM PRANAM is Promotion of Alternative Nutrients for Agriculture Management Scheme.
• Reducing the subsidy burden on chemical fertilisers, which is projected to reach Rs 2.25 lakh crore in 2022-23 - 39 per centmore than last year's figure of Rs 1.62 lakh crore.