Government Continues Support for Farmers with Interest Subvention Scheme
The Union Cabinet has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2025-26, providing 1.5% interest subvention on short-term crop loans up to ₹3 lakh through the Kisan Credit Card (KCC). This ensures farmers can access loans at an effective interest rate of 4%, with additional benefits for timely repayment. The scheme supports small farmers, offers disaster relief, and has led to significant growth in agricultural credit, while a new digital portal enhances transparency in the process.
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