Modified Interest Subvention Scheme (Crop Loans)

Why it matters

Take a short-term crop loan up to Rs 3 lakh at an effective 4% interest if you repay on time — the government subvents the rest.

What you get

Short-term crop loans up to Rs 3 lakh at 7% interest, reduced to an effective 4% on prompt repayment via a 3% prompt-repayment incentive (extra benefit for KCC-linked AH and fisheries).

Eligibility criteria

• Farmers availing short-term crop loans / KCC
• Loan up to Rs 3 lakh for the subvented rate
• Prompt repayment required for the 3% incentive

How to apply

1. 1

   Avail a crop loan / KCC from your bank

2. 2

   Repay within the due date

3. 3

   Interest subvention and prompt-repayment incentive are applied automatically

Documents required

• KCC / loan account
• Aadhaar
• Bank account details