Interest Subvention Scheme (ISS): Affordable Credit to Boost Agricultural Productivity

 Launched in 2006-2007, the Interest Subvention Scheme (ISS) is a pivotal government initiative aimed at providing short-term crop loans to farmers at affordable interest rates. The primary objective of the scheme is to ensure that agricultural credit reaches the grassroots level, enabling farmers to access timely funds necessary for crop cultivation.

By offering subsidized interest rates on crop loans, the scheme reduces the financial burden on farmers, encouraging them to invest in quality inputs and modern agricultural practices. This, in turn, boosts overall agricultural productivity and production across the country. The ISS plays a crucial role in promoting financial inclusion in rural areas and supporting the economic well-being of the farming community.