Agriculture Interest Subvention & Rural Support (NABARD)
Central Scheme (All India)
Finance
Application Mode: OFFLINE
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Quick AI Summary
Provides short-term crop loans at subsidized interest rates and rural infrastructure refinance support through cooperative networks.
Detailed Summary
NABARD facilitates credit flow to farmers through the Interest Subvention Scheme (ISS), making short term credit highly affordable.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - Short-term crop loans up to Rs. 3 Lakhs at 7% interest rate. - Additional 3% prompt repayment incentive, reducing effective interest rate to 4%. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| - Farmers, tenant farmers, and oral lessees cultivating notified crops. | |
Application Process Guide
- Apply through local Primary Agricultural Credit Societies (PACS), cooperative banks, or commercial banks.