In a vital assembly scheduled for 11 AM right this moment, the Union Cupboard is anticipated to approve the extension of the Modified Curiosity Subvention Scheme (MISS) for the monetary yr 2025–26.
Beneath MISS, farmers obtain an curiosity low cost of 1.5 p.c on short-term loans as much as Rs 3 lakh. This subsidy goals to ease credit score entry and scale back borrowing prices for India’s agricultural neighborhood.
Sources point out that the Cupboard might also contemplate elevating the Kisan Credit score Card (KCC) mortgage restrict from Rs 3 lakh to Rs 5 lakh, additional boosting liquidity help for farmers forward of the upcoming sowing season.
If cleared, each selections are anticipated to supply well timed monetary aid and enhance rural credit score move within the agricultural sector.
(This copy will quickly be up to date)
