%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(2).png "The Government approved the continuation of the interest subsidy scheme for farmers")
Key Highlights:
a) ₹1 lakh
b) ₹2 lakh
c) ₹5 lakh
d) ₹3 lakh
- Approval Date: 28th May 2025.
- Loan Benefits: Farmers can avail short-term loans up to ₹3 lakh through Kisan Credit Card (KCC) at a 7% interest rate, with 1.5% interest subvention.
- Prompt Repayment Incentive (PRI): Farmers repaying loans on time get an additional 3% interest subsidy, reducing the effective interest rate to 4%.
- Sectoral Benefits: Loans for animal husbandry and fisheries receive interest benefits up to ₹2 lakh.
- Financial Allocation: The estimated cost of the scheme extension is ₹15,640 crore.
Question:
Q.1 Under the Modified Interest Subvention Scheme (MISS), what is the maximum short-term loan amount a farmer can avail through the Kisan Credit Card (KCC)?a) ₹1 lakh
b) ₹2 lakh
c) ₹5 lakh
d) ₹3 lakh
Answer: d) Farmers can avail short-term credit up to ₹3 lakh under Modified Interest Subvention Scheme (MISS) through KCC at concessional interest rates.
