{"id":25222,"date":"2026-08-04T12:06:04","date_gmt":"2026-08-04T06:36:04","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=25222"},"modified":"2026-08-04T14:17:03","modified_gmt":"2026-08-04T08:47:03","slug":"modified-interest-subvention-scheme","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/modified-interest-subvention-scheme\/","title":{"rendered":"Modified Interest Subvention Scheme"},"content":{"rendered":"<h2><b>Modified Interest Subvention Scheme Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A third-party assessment by the Institute for Social and Economic Change (ISEC), Bengaluru said that every \u20b91 invested under Kisan Credit Card\u2013 Modified Interest Subvention Scheme (KCC-MISS) contributes \u20b92.30 to net value addition in the agriculture &amp; allied sector.\u00a0<\/span><\/p>\n<h2><b>About Modified Interest Subvention Scheme<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a <\/span><b>Central Sector Scheme launched in 2006\u201307<\/b><span style=\"font-weight: 400;\"> by the Government of India.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Aim:<\/b><span style=\"font-weight: 400;\"> It is aimed at <\/span><b>ensuring the availability of short-term credit<\/b> <b>to farmers<\/b><span style=\"font-weight: 400;\"> at an affordable interest rate <\/span><b>through Kisan Credit card (KCC).<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Under the Scheme:\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Farmers received <\/span><b>short-term loans of up to Rs.3 lakh through Kisan Credit Cards<\/b><span style=\"font-weight: 400;\"> (KCC) at a subsidized interest <\/span><b>rate of 7%,<\/b><span style=\"font-weight: 400;\"> with <\/span><b>1.5% interest subvention<\/b><span style=\"font-weight: 400;\"> provided to eligible lending institutions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Additionally, farmers repaying loans promptly are eligible for an <\/span><b>incentive of up to 3% as Prompt Repayment Incentive <\/b><span style=\"font-weight: 400;\">(PRI) effectively reducing their interest rate on KCC loans to 4%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">For loans taken <\/span><b>exclusively for animal husbandry or fisheries<\/b><span style=\"font-weight: 400;\">, the interest benefit is <\/span><b>applicable up to Rs.2 lakh.<\/b><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is implemented by the <\/span><b>Reserve Bank of India<\/b><span style=\"font-weight: 400;\"> (RBI) and the <\/span><b><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/national-bank-for-agriculture-and-rural-development-nabard\/\" target=\"_blank\">National Bank for Agriculture and Rural Development (NABARD)<\/a>.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is operated through <\/span><b>Public Sector Banks, <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/regional-rural-banks\/\" target=\"_blank\">Regional Rural Banks<\/a><\/b><span style=\"font-weight: 400;\"> (RRBs), Cooperative Banks and Private Sector Banks operating in rural and semi urban areas.<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b> <strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2293813&amp;reg=48&amp;lang=1\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Modified Interest Subvention Scheme is a Central Sector Scheme launched in 2006\u201307 by the Government of India.<\/p>\n","protected":false},"author":5,"featured_media":117081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[626,21,22,23],"class_list":["post-25222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-upsc-prelims-current-affairs","tag-modified-interest-subvention-scheme","tag-prelims-pointers","tag-upsc-current-affairs","tag-upsc-prelims-current-affairs","no-featured-image-padding"],"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/25222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=25222"}],"version-history":[{"count":3,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/25222\/revisions"}],"predecessor-version":[{"id":117129,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/25222\/revisions\/117129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/117081"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=25222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=25222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=25222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}