RBI / NABARD / MINISTRY OF AGRICULTURE · INTEREST SUBVENTION SCHEME (ISS)
Kisan Credit Card (KCC) 4% Net Interest Calculator
Compute your exact interest outflow and savings under the Central Government's Modified Interest Subvention Scheme (MISS) for short-term crop loans up to ₹3 Lakhs.
₹
₹10,000₹1.6 Lakh (No Collateral Limit)₹3 Lakh (Subvention Cap)
🛡️Statutory Collateral Exemption:
Under Reserve Bank of India Master Directions, crop loans up to ₹1,60,000 are strictly collateral-free with zero land hypothecation or mortgage deed requirements.
Net Effective Interest Rate
4.0% p.a.
7% Base Subsidized Rate minus 3% Prompt Repayment SubventionBase Bank Subsidized Rate:7.0% p.a.
Prompt Repayment Incentive (PRI):-3.0% (₹4,500 Saved)
Annual Net Interest Payable:₹6,000 / year
Standard Commercial Agri Rate:10.5% - 11.5% p.a.
Net Savings vs Commercial Loans:₹9,750 / year
🌾 RuPay KCC Card: Beneficiaries receive a RuPay debit card for ATM cash withdrawals, seed and fertilizer POS purchases, and continuous revolving credit limits for 5 years.
Modified Interest Subvention Scheme (MISS) Architecture
| Component | Percentage | Financing Authority | Conditions |
|---|---|---|---|
| Base Bank Lending Rate | 9.0% - 10.0% | Commercial Banks / RRBs / Cooperatives | Standard priority sector lending rate |
| Central Govt Interest Subvention | -1.5% to -2.0% | Ministry of Agriculture & Farmers Welfare | Brings base rate down to 7.0% p.a. |
| Prompt Repayment Incentive (PRI) | -3.0% | NABARD / RBI Central Allocation | Credited when loan is cleared within 365 days |
| Final Farmer Cost | 4.0% p.a. | Paid by Cultivator | Applicable on crop loans up to ₹3,00,000 |