Every Rs 1 invested under KCC interest subsidy scheme generates Rs 2.30 in agricultural value: Govt
New Delhi, Aug. 3 -- Every Rs 1 invested under the Kisan Credit Card-Modified Interest Subvention Scheme (KCC-MISS) generates Rs 2.30 in net value addition in the agriculture and allied sector, according to a third-party assessment cited by the government.
The assessment, conducted by the Institute for Social and Economic Change (ISEC), Bengaluru, evaluated the performance of the KCC-MISS across India's diverse agro-climatic regions.
The findings were shared by Minister of State for Finance Pankaj Chaudhary in a written reply in the Lok Sabha on Monday.
According to the assessment, every Rs 1 invested under KCC-MISS contributes Rs 2.30 to net value addition in the agriculture and allied sector, highlighting the economic impact of the i...
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