India, May 28 -- The Government of India issued the following news release:
In a significant decision to support farmers across the country, the Union Cabinet has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2025-26. Under this scheme, 1.5% interest subvention will continue to be provided to banks for short-term crop loans up to rs 3 lakh issued through the Kisan Credit Card (KCC) platform.
This decision ensures that farmers will continue to get short-term agricultural loans at an effective interest rate of just 4%, provided they repay on time and avail the 3% Prompt Repayment Incentive (PRI).
What This Means for Farmers:
Affordable Loans: Farmers can access working capital at just 4...