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Transforming Agricultural Finance: KCC Loan Limit Increased to ₹5 Lakh
05-Feb-2025 - 0 Comments.
The Indian government has taken a significant step to bolster its agricultural sector by increasing the loan limit under the Modified Interest Subvention Scheme (MISS) for Kisan Credit Card (KCC) holders from ₹3 lakh to ₹5 lakh.
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Cabinet approves interest subvention on short term agriculture loan of upto INR 3 lakh
22-Aug-2022 - 0 Comments.
The Cabinet, chaired by the Prime Minister, Narendra Modi has approved to restore Interest Subvention on short term agriculture loans to 1.5 percent for all financial institutions.
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Agriculture ministry signs MoU with UNDP for strategic partnership on Agriculture, Crop Insurance and Credit
02-Jun-2022 - 0 Comments.
The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) wherein UNDP will provide technical support towards Centre’s aspirational Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme & Kisan Credit Card – Modified Interest Subvention Scheme.
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Govt announces interest subvention on working capital loans for dairy sector
14-May-2020 - 0 Comments.
Looking at the hardship faced by the dairy sector, central government has announced a interest subvention scheme on working capital for dairy sector.
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India gives benefits to farmers on crop loan repayments due to Covid-19 lockdown
31-Mar-2020 - 0 Comments.
In the wake of lockdown due to ongoing Covid-19 pandemic, the Government has extended the benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers up to 31st May, 2020 for all crop loans up to Rs.3 lakh
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India announces interest subvention scheme for farmers
09-Jan-2019 - 0 Comments.
With a view to ensuring availability of agriculture credit {including loans taken against Kisan Credit Card (KCC)} at a reasonable cost/at a reduced rate of 7% per annum to farmers, the Government of India, is implementing an interest subvention scheme of 2% for short term crop loans up to INR 300,000.
