Day 3
Health & SocialSkim2025-05-28
Continuation of Modified Interest Subvention Scheme (MISS)
What Happened
On May 28, 2025, the Union Cabinet approved the continuation of the Modified Interest Subvention Scheme (MISS) for the 2025-26 financial year. The scheme provides farmers with short-term agricultural credit via Kisan Credit Cards at a subsidised 7% interest rate, which drops to an effective rate of 4% through a Prompt Repayment Incentive.
Why It Matters
By ensuring access to affordable institutional credit, the scheme protects farmers from exploitative informal lenders, encourages financial discipline, and secures agricultural productivity.
Quick reference — brief coverage only.