Interest Subsidy on Agricultural Loan to Farmers (Jharkhand)
Funded in the budget: Jharkhand Outcome Budget 2026-27 — Agriculture, Animal Husbandry & Co-operative (undated, Directorate of Agriculture — “Brief description of schemes and proposed budget in the Financial Year 2026-27”, item 2)
Jharkhand pays the last 4% of interest on short-term crop loans (KCC), so a farmer who repays on time pays no interest at all.
- Lead benefit
- 4%interest relief a year
- Components
- 1each read from the document
- Who can apply
- 6kinds of applicant
- Closing date
- Noneapply any time
What it pays
The state pays 4% a year of interest on your short-term KCC crop loan, on top of the centre’s 3% — so a timely repayer pays nothing.
What the document says, word for word
The document says KCC short-term loans carry 7% interest, the centre gives 3% on timely repayment and the state the remaining 4%, “thus, farmers currently are having debt burden with 100 percent discount”. It prints no loan ceiling; the centre’s own interest-subvention ceiling applies to the 3% part.
“On timely repayment of loan, a rebate of 3 percent is granted by the Central Government, therefore resulting in a 4 percent interest burden on farmers. In such cases, keeping in view the wider interests of the farmers of the state, the department has granted rebate of the remaining 4 percent in the payment of agricultural loans on short-term agricultural loans being given to farmers from banks/cooperative banks for agricultural work.”How much can I claim?
Enter loan amount to see the figure.
The document says KCC short-term loans carry 7% interest, the centre gives 3% on timely repayment and the state the remaining 4%, “thus, farmers currently are having debt burden with 100 percent discount”. It prints no loan ceiling; the centre’s own interest-subvention ceiling applies to the 3% part.
Who can apply
- Other farmer
- Small or marginal farmer
- SC farmer
- ST farmer
- Woman farmer
- Tenant or sharecropper
Papers you need
- Kisan Credit Card short-term crop loan account
How to apply
- Take a short-term crop loan on your Kisan Credit Card from a bank or cooperative bank (item 2).
- Repay on time — the centre’s 3% rebate and this state rebate both depend on timely repayment (item 2).
Applying is free. Never pay anyone to apply for you.
When to apply
The guidelines set no closing date.
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.