MISS Scheme: Farmers Can Avail ₹3 Lakh Loan at Low Interest

The Government has launched the MISS Scheme to strengthen the agricultural sector and support farmers in managing their financial needs. The scheme mainly focuses on providing affordable loans up to ₹3 lakh at a subsidized interest rate so that farmers can invest in modern agriculture practices.

Objectives of the MISS Scheme

• To ensure farmers get access to institutional credit instead of depending on private moneylenders.
  
  
• To provide financial support for crop production and mechanisation.
  
  
• To encourage farmers to adopt modern tools, irrigation systems, and inputs for higher productivity.
  
  

Loan and Financial Support

• Farmers can apply for loans up to ₹3,00,000.
  
  
• Interest rates are subsidized by the government, making repayment easier.
  
  
• The repayment cycle is aligned with the crop season, so farmers are not burdened.
  
  
• In case of timely repayment, farmers may get additional interest subsidy / waiver benefits.
  
  

Benefits of the Scheme

• Access to low-interest agricultural loans.
  
  
• Reduction of dependence on moneylenders.
  
  
• Opportunity to purchase seeds, fertilizers, pesticides, and machinery without financial strain.
  
  
• Promotes mechanised farming and micro-irrigation techniques.
  
  
• Helps in achieving better yield and higher farm income.
  
  

Eligibility Criteria

• Applicants must be a resident farmer of India.
  
  
• Should have land ownership documents or lease records.
  
  
• Must possess a valid Aadhaar card and bank account.
  
  
• Farmers engaged in cultivation of crops, horticulture, or allied activities are eligible.
  
  

Required Documents

• Aadhaar card and address proof
  
  
• Land records / pattadar passbook
  
  
• Recent passport-size photographs
  
  
• Bank account details
  
  
• Self-declaration of agricultural activity
  
  

How to Apply

1. Farmers can apply through the nearest Cooperative Bank, Rural Bank, or Agriculture Department office.
   
   
2. Application forms are available at bank branches or official agriculture portals.
   
   
3. Submit the form along with necessary documents.
   
   
4. After verification, the loan amount is credited directly into the farmer’s bank account.
   
   

Why the MISS Scheme is Important

The MISS Scheme provides farmers with timely, low-cost financial support that ensures uninterrupted farming activity. It reduces the stress of high-interest loans, promotes modern technology adoption, and strengthens rural livelihoods.