These Short Term Crop Loans/Kisan Credit Card are being given under the Modified Interest Subvention Scheme (MISS).
PM Modi (Photo:ANI)
There has been a more than 5-fold jump in the amount spent by the Prime Minister Narendra Modi-led government on extending loans at subsidised rates of interest to benefit farmers during the last 9 years compared to the previous 8-year period when the UPA government was in power, according to figures compiled by the Finance Ministry.
These Short Term Crop Loans/Kisan Credit Card are being given under the Modified Interest Subvention Scheme (MISS).
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The amount spent by the Central government to extend loans to farmers at subsidised rates of interest shot up to Rs. 1,30,421.81 crore during the 9-year period from 2014-15 to 2022-23 compared from Rs. 24,525.89 crore that was spent during the 8-year period 2006-07 to 2013-14, the official figures show.
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Year-wise allocation and expenditure is given in the following table.
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