KCC & MISS (Modified Interest Subvention Scheme ) | Short-Term Credit for Farmers | UPSC IAS 2025 скачать в хорошем качестве

KCC & MISS (Modified Interest Subvention Scheme ) | Short-Term Credit for Farmers | UPSC IAS 2025

Modified Interest Subvention Scheme (MISS) & Kisan Credit Card (KCC) | Agriculture Schemes 2025 | Short-Term Credit | UPSC IAS 🌾 Are you preparing for UPSC IAS 2025? This video provides a complete explanation of the Modified Interest Subvention Scheme (MISS) and the Kisan Credit Card (KCC) — two of the most important agriculture-related schemes that UPSC aspirants must know. 🔎 What You’ll Learn in this Video: 1️⃣ Modified Interest Subvention Scheme (MISS) Meaning & Full Form: Modified Interest Subvention Scheme Launched by: Ministry of Agriculture & Farmers Welfare Implementing agencies: RBI & NABARD Objective: To provide short-term credit at affordable interest rates to farmers Key Features: Loan up to ₹3 lakh through Kisan Credit Card Base interest rate = 7% 2% Interest Subvention by Govt. to banks 3% Prompt Repayment Incentive (PRI) → Final effective rate = 4% only Benefits also extended to animal husbandry & fisheries (up to ₹2 lakh loans) 2️⃣ Kisan Credit Card (KCC) Started in 1998, expanded in 2019 Beneficiaries: Land-owning farmers Tenant farmers Sharecroppers Oral lessees Joint Liability Groups (JLGs) & Self-Help Groups (SHGs) Expenses covered: Seeds, fertilizers, pesticides Irrigation costs Machinery/equipment rental Post-harvest transport & storage Even household needs like children’s education Loan duration: 5 years with periodic review Issued by: PSBs, RRBs, Cooperative Banks, PACS 3️⃣ Significance of Short-Term Credit under MISS + KCC ✅ Reduces dependence on moneylenders (30–40% interest) ✅ Ensures timely credit availability for farmers ✅ Supports animal husbandry, fisheries & allied activities ✅ Provides liquidity for household expenses during crop season ✅ Prevents distress selling of crops ✅ Improves rural infrastructure (irrigation, storage, transport) ✅ Promotes financial inclusion & digital tracking via Kisan Rin Portal (KRP) 4️⃣ Why Important for UPSC IAS 2025? Part of GS Paper 3 (Agriculture, Economy, Financial Inclusion) Relevant for: Prelims (Schemes & Governance) Mains (Essay & Economy questions) Interview (Farmer income, rural credit reforms) Keywords: Doubling farmers’ income Digital India in agriculture Rural development & financial inclusion ✅ By the end of this video, you’ll clearly understand: How MISS reduces farmer interest rates to just 4% The role of Kisan Credit Card (KCC) in providing comprehensive credit support Why short-term agricultural credit is crucial for India’s economy & UPSC preparation. #UPSC #IAS #UPSC2025 #CurrentAffairs #Agriculture #MISS #KCC #Farmers #UPSCPrelims #UPSCMains #UPSCExam #Economy #IndianEconomy #GovernmentSchemes CURRENTAFFAIRS #INTERNATIONALNEWS #GEOPOLITICS #LATESTUPDATE #LATESTNEWS #LATESTUPDATE #CURRENTNEWS #NEWS #HINDI #LATEST