The Government of India has approved the continuation of the Modified Interest Subvention Scheme (MISS) for short-term crop loans and allied activity loans availed through Kisan Credit Cards (KCC) for the financial year 2025–26.
As per RBI’s advisory, the scheme will be applicable to Public Sector Banks, Private Sector Banks (rural and semi-urban branches), Small Finance Banks, and computerised Primary Agricultural Credit Societies (PACS) ceded with Scheduled Commercial Banks, subject to stipulated conditions.
Interest subvention will be available on loans up to an overall limit of Rs 3 lakh per farmer, with lending at 7 per cent and an additional 3 per cent incentive for prompt repayment. Claims relating to PACS will be routed through the respective Scheduled Commercial Banks on the Kisan Rin Portal, with statutory audit certification.
