The PM-PRANAM initiative, approved by the Cabinet, aims to incentivize states in promoting alternative fertilizers. Here's a point-wise description of the purpose of the initiative:

• Promoting sustainable agriculture: The initiative encourages the use of alternative fertilizers that are environmentally friendly and promote sustainable farming practices.
• Reducing dependency on conventional fertilizers: The program aims to reduce the dependency of farmers on conventional chemical fertilizers, which can have adverse effects on soil health and water quality.
• Improving soil health: By promoting the use of organic and bio-fertilizers, the initiative aims to improve soil health, enhance nutrient content, and increase fertility, resulting in higher crop yields.
• Protecting the environment: The use of alternative fertilizers helps in minimizing air and water pollution, mitigating greenhouse gas emissions, and protects the environment for future generations.
• Supporting financial inclusiveness: The initiative includes financial support to states, which will further incentivize them to promote and provide alternative fertilizers to farmers at affordable prices.
• Encouraging research and innovation: The program may also stimulate research and innovation in the field of bio-fertilizers, leading to the development of new and more effective alternatives for farmers.

The PM-PRANAM initiative serves as a stepping stone towards sustainable agriculture and the protection of the environment while ensuring the well-being of farmers.