Cabinet approves continuation of Modified Interest Subvention Scheme (MISS) for FY 2025-26 with existing 1.5% Interest Subvention (IS)

Cabinet approves continuation of Modified Interest Subvention Scheme (MISS) for FY 2025-26 with existing 1.5% Interest Subvention (IS)

May 28th, 03:45 pm

The Union Cabinet chaired by PM Modi approved the continuation of Interest Subvention under the Modified Interest Subvention Scheme for FY 2025-26. The scheme offers short-term KCC loans up to ₹3 lakh at 7% interest, with 1.5% subvention and 3% prompt repayment incentive, supporting over 7.75 crore farmers nationwide.