Modified Interest Subvention Scheme (MISS) Scheme

Modified Interest Subvention Scheme (MISS) reduces interest on crop loans, supporting farmers and boosting agricultural productivity.

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Loan Tenure: Short-term loans for a period of up to one year.

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Benefits

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Drawbacks

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Application Process

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Modified Interest Subvention Scheme (MISS) empowers farmers with affordable credit by reducing crop loan interest rates, boosting agricultural growth in India.

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To learn more about Modified Interest Subvention Scheme (MISS) Scheme, click the link below .

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Modified Interest Subvention Scheme (MISS) Scheme

Modified Interest Subvention Scheme (MISS) reduces interest on crop loans, supporting farmers and boosting agricultural productivity.

Scheme Overview

Loan Tenure: Short-term loans for a period of up to one year.

Prompt Repayment Incentive: Additional 3% subvention for prompt repayment, reducing the effective interest rate to 4%.

Features

Benefits

Affordable Credit : Lowers the cost of borrowing for farmers, making it easier to access funds for agricultural needs.

Financial Stability : Helps farmers manage their financial requirements without falling into high-interest debt traps.

Drawbacks

Applies only to short-term crop loans and not to other types of agricultural credit.

Application Process

Visit the Nearest Bank Branch : Approach your bank that provides agricultural loans and inquire about the MISS

Modified Interest Subvention Scheme (MISS) empowers farmers with affordable credit by reducing crop loan interest rates, boosting agricultural growth in India.

Conclusion

To learn more about Modified Interest Subvention Scheme (MISS) Scheme, click the link below .