Modified Interest Subvention Scheme (MISS) for Farmers

iAbout This Scheme

The Modified Interest Subvention Scheme provides interest subvention to farmers on short-term crop loans up to ₹3 lakh at 7% per annum, with an additional 3% incentive for prompt repayment making the effective rate 4% per annum. It is implemented through public sector banks, cooperative banks, and RRBs.

🎁Key Benefits

• Crop loans up to ₹3 lakh at 7% per annum (2% subvention from govt)
• Additional 3% prompt repayment incentive (effective rate 4% p.a.)
• Available for kharif, rabi, and other seasonal crops
• Applicable to natural calamity-affected farmers with restructured loans
• Post-harvest loans against NWR/Warehouse receipts also covered
• Available through public sector banks, cooperative banks, and RRBs

✅Eligibility Criteria

• 1
  All farmers availing short-term crop loans up to ₹3 lakh
• 2
  Must repay within one year to avail prompt repayment incentive

📝How to Apply

❓Frequently Asked Questions