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4% Interest Subvention Scheme under Kisan Credit Card (KCC), Meghalaya

Funded in the budget: Meghalaya Budget Speech 2026-27 (23 Feb 2026, Para 3.1.1: “Kisan Credit Card beneficiaries, who are prompt re-payers get interest free loans thanks to our interest subvention scheme.”)

Meghalaya 4% KCC interest subvention · Directorate of Agriculture, Government of Meghalaya · State scheme

Meghalaya pays 4% a year of the interest on KCC crop loans of farmers who repay on time and already get the Centre’s 3% prompt-repayment subvention.

Loans & interest help
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

4%interest relief a year

Repay your KCC crop loan on time and Meghalaya pays 4% a year of the interest, on top of the Centre’s 3%.

Read from Meghalaya Directorate of Agriculture — FAQ on agriculture schemes (2025) · clause 4% INTEREST SUBVENTION SCHEME UNDER KISAN CREDIT CARD (KCC) PROVIDED BY THE GOVT. OF MEGHALAYA — Q.2 and Q.4 · p. 6–7 · Our copy (PDF)
What the document says, word for word

The FAQ prints no loan ceiling of its own. The state 4% is only for borrowers who received the Centre’s 3% prompt-repayment subvention, so in practice it follows the loan limit of that central scheme. The 2026-27 Budget Speech says prompt re-payers get interest-free loans through this subvention (para 3.1.1).

“Extending 4% Interest Subvention to Standard/ Regular KCC Borrowers on crop loans. … The Prompt Repayment Incentive (PRI) @ 4 % percent subvention scheme by State Government will be applied only for Prompt Repayment KCC borrowers who have benefitted the 3% Interest Subvention from the Government of India as endorsed by the banks.”

How much can I claim?

Enter loan amount to see the figure.

Read from Meghalaya Directorate of Agriculture — FAQ on agriculture schemes (2025) · clause 4% INTEREST SUBVENTION SCHEME UNDER KISAN CREDIT CARD (KCC) PROVIDED BY THE GOVT. OF MEGHALAYA — Q.2 and Q.4 · p. 6–7 · Our copy (PDF)

The FAQ prints no loan ceiling of its own. The state 4% is only for borrowers who received the Centre’s 3% prompt-repayment subvention, so in practice it follows the loan limit of that central scheme. The 2026-27 Budget Speech says prompt re-payers get interest-free loans through this subvention (para 3.1.1).

Who can apply

  • Other farmer
  • Small or marginal farmer
  • SC farmer
  • ST farmer
  • Woman farmer
  • Tenant or sharecropper

Papers you need

    How to apply

    1. Take a crop loan on your Kisan Credit Card from a bank such as State Bank of India, Meghalaya Rural Bank, Meghalaya Co-operative Apex Bank or Bank of Baroda (FAQ Q.5).
    2. Repay on time: the state’s 4% applies only to prompt-repaying KCC borrowers who got the Centre’s 3% subvention, as endorsed by the bank (FAQ Q.4).
    3. You do not fill a separate form — the banks identify the eligible borrowers (FAQ Q.3). For help, call the iTEAMS toll-free number 1917 (FAQ Q.5).

    Applying is free. Never pay anyone to apply for you.

    When to apply

    The guidelines set no closing date.

    Combining with other schemes

    • KCC – Interest Subvention (MISS): can be combined
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