Interest Subsidy on Loans for Agriculture and Allied Activities (Goa)
Shown as running by: Goa notification of 25.08.2025 — interest subsidy on farm loans, 2025–2028 (25 Aug 2025, Preface; Short title commencement (a): operative 1st April, 2025 to 31st March, 2028)
Goa pays 4% a year of the interest on farm loans up to ₹5 lakh (crop loans up to ₹3 lakh) for farmers who repay on time, for up to 5 years.
- Lead benefit
- 4%interest relief a year
- Components
- 2each read from the document
- Who can apply
- 5kinds of applicant
- Closing date
- Closes 31 Mar 2028see “When to apply”
What it pays
4% a year off the interest on a short-term crop loan of up to ₹3 lakh, if you repay on time.
What the document says, word for word
Only for farmers who repay on time — the bank does not process claims of defaulters (“Rate of interest and subsidy”). Farmers who get the Government of India interest subvention are also eligible. A Krishi Card is required for agriculture and animal-husbandry farmers; KCC holders are covered. The loan must come from a scheduled commercial bank, small finance bank, Goa State Co-operative Bank or a primary agricultural co-operative that has signed up with the Directorate. The notification prints the ceiling as “loan up to” ₹3 lakh (crop) / ₹5 lakh (term) — a larger loan may not qualify at all; ask your bank.
“Short term crop loan upto Rs. 3.0 lakhs is eligible for Interest subsidy. … The Government of Goa will provide interest subsidy of 4% to those farmers who repay their loans promptly.”4% a year off the interest on a farm term loan (land development, fencing etc.) of up to ₹5 lakh, for up to 5 years, if you repay on time.
What the document says, word for word
Only for farmers who repay on time — the bank does not process claims of defaulters (“Rate of interest and subsidy”). Farmers who get the Government of India interest subvention are also eligible. A Krishi Card is required for agriculture and animal-husbandry farmers; KCC holders are covered. The loan must come from a scheduled commercial bank, small finance bank, Goa State Co-operative Bank or a primary agricultural co-operative that has signed up with the Directorate. The notification prints the ceiling as “loan up to” ₹3 lakh (crop) / ₹5 lakh (term) — a larger loan may not qualify at all; ask your bank.
“Agriculture Term loan upto Rs. 5.00 lakhs. … The tenure of the loan shall be maximum five years. … The Government of Goa will provide interest subsidy of 4% to those farmers who repay their loans promptly.”How much can I claim?
Enter loan amount to see the figure.
Only for farmers who repay on time — the bank does not process claims of defaulters (“Rate of interest and subsidy”). Farmers who get the Government of India interest subvention are also eligible. A Krishi Card is required for agriculture and animal-husbandry farmers; KCC holders are covered. The loan must come from a scheduled commercial bank, small finance bank, Goa State Co-operative Bank or a primary agricultural co-operative that has signed up with the Directorate. The notification prints the ceiling as “loan up to” ₹3 lakh (crop) / ₹5 lakh (term) — a larger loan may not qualify at all; ask your bank.
Who can apply
- Other farmer
- Small or marginal farmer
- SC farmer
- ST farmer
- Woman farmer
Papers you need
- Krishi Card (for agriculture and animal-husbandry farmers) (“Eligibility”)
How to apply
- Take the crop loan or farm term loan from a bank or co-operative that takes part in the scheme (“Institutions entitled to extend loan”).
- Keep your Krishi Card ready and repay every instalment on time (“Eligibility”; “Rate of interest and subsidy”).
- You do not apply yourself: your bank branch sends the claim every half-year to its head office, which sends it to the Directorate of Agriculture (“Procedure”).
- After sanction by the District Agriculture Officer the bank credits the subsidy to your loan account (“Procedure”).
Applying is free. Never pay anyone to apply for you.
When to apply
Loans sanctioned from 1 April 2025 to 31 March 2028 are covered; banks claim twice a year (October and April).
Combining with other schemes
The documents do not say whether this can be combined with other schemes. Ask the implementing office before you count on both.