New Delhi, Feb. 1 -- To further strengthen agricultural financing, the government has announced enhancing the loan limit under the modified interest subvention (MIS) scheme from Rs 3 lakh to Rs 5 lakh for loans taken through Kisan Credit Card (KCC), Union Finance Minister Nirmala Sitharaman said in her Union Budget 2025-26 speech in Parliament on Saturday.

Sitharaman, highlighted that the KCC scheme has facilitated short-term loans for 7.7 crore farmers, including fishermen and dairy farmers.

This increase aims to provide better financial support and accessibility to farmers, ensuring timely credit availability.

She said, "Kisan Credit cards facilitate short-term loans for 7.7 crore farmers, fishermen and dairy farmers. The loan limit ...