Modified Interest Subvention Scheme (MISS) Scheme

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

Scheme Overview

Interest Subvention: 2% per annum on short-term crop loans up to ₹3 lakh

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%.



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

Increased Credit Flow : Encourages banks to lend more to the agriculture sector.

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


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

Eligibility Check: Ensure you meet the eligibility criteria for a short-term crop loan.

Fill the Application Form: Complete the loan application form provided by the bank.

Submit Documents Provide necessary documents such as Aadhar Card, land records, and other relevant proofs.

Verification and Approval: The bank will verify your documents and process your loan application. Once approved, the loan amount will be disbursed with the interest subvention benefits..

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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