https://www.taxtmi.com/news?id=35315 Kisan Credit Card outstanding rose to Rs.10.05 lakh crore by December 2024, benefiting 7.72 crore farmers and extending institutional working capital to agriculture and allied activities. Under the Modified Interest Subvention Scheme banks get 1.5% subvention on short term KCC loans at a concessional 7% rate, with a 3% Prompt Repayment Incentive that effectively reduces the farmer's rate to 4%; collateral free lending is available up to the applicable threshold. The Union Budget 2025-26 increases the loan limit under MISS, expanding concessional and collateral free access for KCC borrowers. en-us Wed, 26 Feb 2025 09:54:41 +0530 Wed, 26 Feb 2025 09:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35315 Kisan Credit Card outstanding rose to Rs.10.05 lakh crore by December 2024, benefiting 7.72 crore farmers and extending institutional working capital to agriculture and allied activities. Under the Modified Interest Subvention Scheme banks get 1.5% subvention on short term KCC loans at a concessional 7% rate, with a 3% Prompt Repayment Incentive that effectively reduces the farmer's rate to 4%; collateral free lending is available up to the applicable threshold. The Union Budget 2025-26 increases the loan limit under MISS, expanding concessional and collateral free access for KCC borrowers. News - Wed, 26 Feb 2025 09:54:41 +0530 https://www.taxtmi.com/news?id=35315