Modified Interest Subvention Scheme (MISS)
Central scheme providing short-term crop loans up to ₹3 lakh at an effective interest rate of 4% per annum for prompt-repaying farmers.
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
₹22,600 Crore (Union Budget Demand for Grants MoA&FW)
Official Budget Document ↗Over 7.3 Crore active KCC loan accounts benefiting annually
As of: 2025-12-31PIB / Official Citation ↗Verified Eligibility Criteria
All farmers, individual landholders, tenant cultivators, and allied livestock/fisheries farmers availing short-term working capital up to ₹3 Lakh via KCC.
Required Documents Checklist
Verify readiness before applying for Modified Interest Subvention Scheme (MISS). 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)?
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
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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
Farmer applies for a Kisan Credit Card (KCC) short-term crop loan at any commercial bank, RRB, or cooperative bank.
- 2
Bank assesses scale of finance based on crop cultivated and acreage.
- 3
Loan sanctioned and disbursed into farmer KCC savings account.
- 4
Farmer repays within one year from the disbursement date.
- 5
3% Prompt Repayment Incentive is credited back, reducing net borrowing interest to 4% p.a.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Defaulting on repayment past 1 year deadline (forfeiting the 3% PRI), loan amounts exceeding ₹3 Lakh limit, or utilizing funds for non-agricultural capital expenditures.
Official Government Application Portal
You will be redirected to the secure official portal: agricoop.nic.in
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Get Scheme Blueprint (₹49)→Expert Application Tips & Practical Advice
Field-tested recommendations from administrative grievance circulars to avoid rejections and processing stalls.
Frequently Asked Questions (Officially Sourced)
Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.
What is the effective interest rate on crop loans under MISS for timely repayment?
The effective interest rate is 4% per annum for prompt-repaying farmers on crop loans up to ₹3 Lakh.
Source: Official Scheme FAQ ↗What is the Prompt Repayment Incentive (PRI)?
An extra 3% interest subvention is granted to farmers who repay their short-term crop loans within the one-year maturity period.
Source: Official Scheme FAQ ↗Are animal husbandry and dairy farmers covered under MISS?
Yes. Short-term loans up to ₹2 Lakh for animal husbandry, dairy, and fisheries are covered within the overall ₹3 Lakh ceiling.
Source: Official Scheme FAQ ↗Who is eligible to apply for Modified Interest Subvention Scheme (MISS)?
Eligible applicants must satisfy official government criteria for Modified Interest Subvention Scheme (MISS). Age: min 18 max 75 years. Conditions: All farmers, individual landholders, tenant cultivators, and allied livestock/fisheries farmers availing short-term working capital up to ₹3 Lakh via .
Source: Official Scheme FAQ ↗Can I track my Modified Interest Subvention Scheme (MISS) application status?
Application status for Modified Interest Subvention Scheme (MISS) can typically be tracked through the official portal at agricoop.nic.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) 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) 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
Defaulting on repayment past 1 year deadline (forfeiting the 3% PRI), loan amounts exceeding ₹3 Lakh limit, or utilizing funds for non-agricultural capital expenditures.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-10-18 | scheme_type | cs | Official Source ↗ |
| 2026-09-18 | initial_verification | Baseline verification of Modified Interest Subvention Scheme 1.5% subvention, 3% PRI formula, and ₹3 Lakh KCC ceiling. | Official Source ↗ |
⚖Compare with Similar Schemes
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Application Window & Deadlines
Open round the year across all financial institutions
🛟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 1.5% subvention, 3%...
Official Source ↗Schemes You Can Stack With This
Complementary programs with non-conflicting eligibility that you can claim concurrently:
Official Helpline & Nodal Offices
Credit Division, Ministry of Agriculture & Farmers Welfare
Krishi Bhawan, Dr. Rajendra Prasad Road, New Delhi, Delhi 110001
Helpline: 011-23381012
Jurisdiction: National (All-India)Notice a Discrepancy?
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Verification Metadata
Last verified by Eligo researchers on 2026-10-12 against official government documentation.
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