Credit limit for farmers enhanced under KCC-MISS
Source: Chronicle News Service

Imphal, March 03 2025: In a move to boost agricultural growth and productivity, the Union Budget 2025-26 has increased the credit limit under the Kishan Credit Card - Modified Interest Subvention Scheme (KCC-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, informed a statement issued by State Level Bankers' Committee, Imphal.

The statement said that the KCC-Modified Interest Subvention Scheme (KCC-MISS) has been offering loans at an effective subsidised interest rate of 4 per cent.

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 programme from across the state, the statement added.

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