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Modified Interest Subvention Scheme 2025/26
June 4 , 2025
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- The Union Government has approved the continuation of the Modified Interest Subvention Scheme (MISS) for 2025-26.
- MISS is a Central Sector Scheme launched in 2006–07 by the union Government.
- Under MISS, farmers get short-term loans of up to ₹3 lakh through KCC at a subsidised interest rate of 7%, with 1.5% interest subvention provided to eligible lending institutions.
- Additionally, farmers repaying loans promptly are eligible for an incentive of up to 3% as a Prompt Repayment Incentive (PRI).
- For loans taken exclusively for animal husbandry or fisheries, the interest benefit is applicable up to ₹2 lakh.
- In case of the natural calamities, a restructured crop loans receive a 2% interest subvention for the first year.
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