New Delhi, May 28 -- The Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved continuation of Modified Interest Subvention Scheme (MISS) for FY 2025-26 with existing 1.5 percent Interest Subvention (IS).
Addressing the media after the Cabinet meeting, Union Minister Ashwini Vaishnaw said, "The cost of working capital of the farmers has been reduced by the Interest Subvention Scheme. Special emphasis has been laid on providing a capital of Rs two lakh for an interest rate of four percent, under the scheme."
MISS is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC).
Under this scheme, farmers received short-term ...