Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest)
Central interest subvention of 1.5% with 3% prompt repayment incentive on short-term crop loans up to ₹3 Lakh, lowering effective borrowing cost to 4%.
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Over ₹22,000 Crore annual central budgetary provision under Ministry of Agriculture
Official Budget Document ↗Covers over 7.3 Crore active Kisan Credit Card farmer accounts across India
As of: 2026-01-20PIB / Official Citation ↗Verified Eligibility Criteria
Owner cultivators, tenant farmers, sharecroppers, and oral lessees cultivating eligible agricultural crops with loans up to ₹3 Lakh.
Required Documents Checklist
Verify readiness before applying for Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest). Check off your papers or print this list before visiting your local CSC / Cyber Cafe.
Mandatory Documents(3)
Check off as readyKeep self-attested photocopies and clear digital scans (100 KB – 200 KB, PDF/JPG format) ready to avoid portal upload timeouts.
Worried About Application Rejection for Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest)?
Over 30% of applications on official portals get delayed or rejected due to minor certificate authority mismatches or unseeded bank accounts. Our civic research desk compiles a verified 1-page Scheme Blueprint tailored to your state and profile.
- ✓Valid issuing authority rules (Tehsildar/SDM)
- ✓Aadhaar-DBT bank seeding verification
- ✓Direct official portal guide (no middlemen)
- ✓Email delivery in 1–2 hrs during desk hours
🔒 Secure Razorpay Checkout • 100% Independent
Application Effort & Process Friction
Readiness assessment derived from official prerequisites, mandatory documentation, and submission channels.
Effort scores reflect portal accessibility, mandatory document burden, and physical verification requirements.
How to Apply
- 1
Apply for Short-Term Crop Loan or renew active Kisan Credit Card (KCC) at nearest rural bank, commercial bank, or cooperative society.
- 2
Submit crop sowing declaration, land revenue records, and Aadhaar card.
- 3
Bank sanctions crop loan based on scale of finance fixed by the District Level Technical Committee (DLTC).
- 4
Automatic 1.5% interest subvention and 3% prompt repayment credit applied upon annual account renewal.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Non-agricultural diversion of funds, overdue loan balance past 1 year, or borrowing exceeding ₹3 Lakh limit.
Official Government Application Portal
You will be redirected to the secure official portal: agricoop.gov.in
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Get Scheme Blueprint (₹49)→Frequently Asked Questions (Officially Sourced)
Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.
What is the effective rate of interest for timely paying farmers?
Farmers who repay their short-term crop loans within the stipulated one-year period pay an effective interest rate of only 4% per annum.
Source: Official Scheme FAQ ↗What is the maximum loan limit covered under the 4% interest rate?
The subvention and prompt repayment incentive apply up to a credit ceiling of ₹3 Lakh per farmer.
Source: Official Scheme FAQ ↗What happens if a farmer fails to repay within one year?
If the loan is not repaid within one year, the farmer loses the 3% prompt repayment incentive and must pay the full normal bank lending rate.
Source: Official Scheme FAQ ↗Can I track my Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest) application status?
Application status for Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest) can typically be tracked through the official portal at agricoop.gov.in using your Aadhaar number, application reference number, or registered mobile number. Alternatively, contact the scheme helpline or visit your nearest Common Service Centre (CSC).
What should I do if my Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest) payment is delayed or rejected?
First, verify your Aadhaar-bank account seeding status on the NPCI mapper (npci.org.in). If seeding is confirmed and payment is still pending, register a complaint on the Central Public Grievance Redressal System at pgportal.gov.in. You may also file an RTI application at rtionline.gov.in to obtain official rejection reasons within 30 days.
Is there an income tax implication for receiving Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest) benefits?
Agricultural income and certain welfare subsidies may be exempt from income tax under Section 10 of the Income Tax Act, 1961. Tax treatment varies by scheme type and beneficiary income level. Consult a certified tax practitioner or visit incometax.gov.in for scheme-specific tax guidance.
Common Rejection Reasons & Warnings
Non-agricultural diversion of funds, overdue loan balance past 1 year, or borrowing exceeding ₹3 Lakh limit.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-10-18 | scheme_type | cs | Official Source ↗ |
| 2026-09-28 | initial_verification | Baseline verification of Modified Interest Subvention Scheme (MISS) for Short-Term Crop Loans (4% Effective Interest) guidelines, benefits, and portal integration. | Official Source ↗ |
⚖Compare with Similar Schemes
Side-by-side eligibility, benefit, and effort comparison:
Application Window & Deadlines
Continuous financial year cycle aligned with Kharif and Rabi agricultural seasons
🛟Grievance & RTI Channels
Scheme Intelligence
How is this calculated? ↗Verified 7d ago from .gov.in source
Apply online with minimal documents
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📅Scheme Milestone Timeline
Baseline verification of Modified Interest Subvention Scheme (MISS) for Short-Te...
Official Source ↗Schemes You Can Stack With This
Complementary programs with non-conflicting eligibility that you can claim concurrently:
Official Helpline & Nodal Offices
Department of Agriculture and Farmers Welfare
Krishi Bhawan, New Delhi 110001
Helpline: 011-23383370
Jurisdiction: NationalNotice a Discrepancy?
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Verification Metadata
Last verified by Eligo researchers on 2026-10-12 against official government documentation.
Eligo is an independent information platform unaffiliated with any government body. Always confirm latest terms directly on the official portal.