MISS 2025-26: Cabinet Extends Farm Loan Interest Subvention
Why in the news
The Union Cabinet cleared MISS for 2025-26, keeping cheap short-term farm credit flowing through Kisan Credit Cards.
Key facts
| Component | FY 2025-26 detail |
|---|---|
| Loan and rate | Up to ₹3 lakh at 7% |
| Lender subvention | 1.5% |
| Prompt Repayment Incentive | 3%, so farmers effectively pay 4% |
| Coverage | Crop, animal husbandry and fisheries loans (up to ₹2 lakh) |
| Calamities | 2% subvention on restructured loans |
| Reach | Over 7.75 crore KCC accounts |
- The Kisan Rin Portal (2023) enables quicker, transparent claim processing.
About MISS
- A central sector scheme for concessional short-term crop loans through KCC, started 2006-07.
- Run by RBI and NABARD via public sector, regional rural, cooperative and private banks; nodal ministry is Agriculture and Farmers’ Welfare.
- Aims: affordable credit, timely repayment, lower rural indebtedness, support for dairy, animal husbandry and fisheries, and relief in calamities.
Exam angle
- Effective rate 4%; launched 2006-07; central sector scheme.