GUWAHATI: In a significant move to boost agricultural growth and productivity, the Union Budget 2025-26 has increased the credit limit under the Modified Interest Subvention Scheme (MISS) from Rs 3 lakh to Rs 5 lakh. This enhancement aims to provide affordable and easy credit to farmers, empowering them with financial independence.
The KCC-Modified Interest Subvention Scheme (KCC-MISS) has been offering loans to farmers at an effective subsidized rate of interest at 4 percent. Additionally, the Reserve Bank of India (RBI) has increased the collateral-free KCC loans from Rs 1.6 lakh to Rs 2 lakh, further ensuring easy access to affordable credit.
A “Post-Budget Webinar on Agriculture & Rural Prosperity” was held on Saturday, where the Prime Minister delivered the opening remarks, and secretaries from the Department of Agriculture & Farmers’ Welfare (DoA&FW) chaired the event. The webinar saw participation from various representatives, SLBC, and farmers from across the country.
The initiative has received a positive response, with a significant number of farmers attending the program from Northeast states, including Assam (200), Arunachal Pradesh (43), Manipur (41), Meghalaya (45), Mizoram (40), and Nagaland (66), stated a press release.
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