India's Ministry of Chemicals and Fertilizers is set to propose a cash incentive scheme called PM-Pranam, which rewards states for reducing their consumption of chemical soil nutrients. The move is part of a wider policy designed to limit fertilizer subsidies and promote natural and organic farming. The scheme is expected to save the government INR190bn ($2.5bn) in subsidies and will be calculated at 50% of fertilizer subsidy savings by way of reduced consumption for a given year based on a baseline average consumption of the past three years.
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