Rapid revision
Test one fact at a time:open a card, recall the direct answer, then practise it in MCQ format.
What is the Modified Interest Subvention Scheme (MISS)?
Direct Answer
The Modified Interest Subvention Scheme (MISS) is a central sector scheme designed to provide short-term crop loans and working capital to farmers at highly subsidized rates to prevent them from borrowing from non-institutional moneylenders.
What is the Prompt Repayment Incentive (PRI)?
Direct Answer
The Prompt Repayment Incentive (PRI) is an additional interest subvention explicitly rewarded to farmers who clear their short-term crop loan dues on or before the due date
What is the Institutional Interest Subvention?
Direct Answer
The Institutional Interest Subvention is the direct subsidy transferred from the Government of India to Public Sector Banks, RRBs, and Cooperative Banks to bridge the gap between their cost of funds and the 7% concessional rate charged to the farmer
What is Aadhaar Linkage?
Direct Answer
Aadhaar Linkage is the statutory requirement to link a borrower's 12-digit Unique Identification Number to their KCC loan account to ensure the subsidy is routed directly to the verified beneficiary without leakage
What is the MSME Interest Subvention Scheme?
Direct Answer
The MSME Interest Subvention Scheme is designed to alleviate the high borrowing costs for registered MSMEs by providing a direct 2% interest relief on fresh and incremental working capital or term loans
What is the MSME Interest Subvention Scheme 2026?
Direct Answer
The MSME Interest Subvention Scheme 2026 is an export promotion tool designed to lower the borrowing costs for Indian MSME manufacturers and merchant exporters, cushioning them against high global financing rates.
What is the Annual Benefit Cap?
Direct Answer
The Annual Benefit Cap is a regulatory ceiling placed on the total subsidy a single Import-Export Code (IEC) holder can extract from the government in one fiscal year, preventing massive corporations from draining the fund
What is the difference between Short-Term Crop Loans and Long-Term Cooperative Loans?
Direct Answer
Short-Term Crop Loans:Interest-Free (100% Subvention for the farmer's share)
Long-Term Cooperative Loans:5% Interest Subsidy applied.
What is the Middle-Income Tier Subvention?
Direct Answer
The Middle-Income Tier Subvention is a calibrated financial relief mechanism that provides a partial 3% discount on the education loan interest rate for families that earn too much to qualify for the 100% EWS subsidy, but not enough to easily afford commercial rates
What is the Common Education Loan Application Form (CELAF)?
Direct Answer
The Common Education Loan Application Form (CELAF) is a standardized digital document created by the Indian Banks' Association (IBA) that captures all academic and financial details, allowing multiple lenders to evaluate a student simultaneously
What is the difference between Old CLSS Framework (Discontinued) and New 2026 ISS Framework (Active)?
Direct Answer
Old CLSS Framework (Discontinued):Complex tiered rates (6.5%, 4%, 3%) up to varying slabs like ₹12 Lakhs
New 2026 ISS Framework (Active):Uniform 4% Rate
Capped strictly at the first ₹8 Lakhs of loan
What is PM SVANidhi?
Direct Answer
PM SVANidhi is a micro-credit facility targeting the bottom-of-the-pyramid urban economy.
What is the difference between Crop/KCC Subvention and AHIDF Project Subvention?
Direct Answer
Crop/KCC Subvention:3% PRI directly to the farmer
(1.5% to the Bank)
AHIDF Project Subvention:3% Flat Relief on commercial loans
paid directly to the lender
What is the difference between Standard Rural Districts and 250 Backward Districts?
Direct Answer
Standard Rural Districts:Women SHGs get loans at 7%. No mandatory extra PRI funded by the Central Government.
250 Backward Districts:Women SHGs get 7% base
+ 3% PRI for prompt repayment
= 4% Effective Rate
What is the DAY-NRLM Institutional Subvention?
Direct Answer
The DAY-NRLM Institutional Subvention is the backend subsidy transferred to Public Sector Banks, Private Banks, and RRBs to ensure they do not lose money when aggressively lending to women SHGs at the mandated 7% rate
What is the difference between Short-Term Crop Loans and Animal Husbandry / Fisheries?
Direct Answer
Short-Term Crop Loans:Subvention & PRI capped at a maximum principal of
₹3.00 Lakhs
Animal Husbandry / Fisheries:Subvention & PRI capped strictly at a maximum principal of
₹2.00 Lakhs
What is the Maximum Repayment Period?
Direct Answer
The Maximum Repayment Period is the outer regulatory limit by which the borrower must completely clear the principal and interest to NABARD, NCDC, or the Scheduled Bank to remain compliant under the FIDF scheme
What is the PM Vishwakarma Interest Subvention?
Direct Answer
The PM Vishwakarma Interest Subvention is a massive state-funded backend subsidy designed to absorb the high risk of lending to unorganized artisans without demanding hard collateral or high CIBIL scores
What is the difference between Maximum Tenure and Maximum Principal Cap?
Direct Answer
Maximum Tenure:Subvention is active for a maximum of 7 Years.
Maximum Principal Cap:Subvention is capped on the first ₹2 Crores.
Excess Borrowing:Any loan amount above ₹2 Crores incurs the standard commercial interest rate.
What is the difference between Income Limit and Relief Window?
Direct Answer
Income Limit:Family income from all sources must not exceed ₹8,00,000 per annum.
Relief Window:100% Interest borne by the Govt during the Moratorium (Course period + 1 year or 6 months post-job).
Principal Cap:Subsidy claim strictly calculated on a maximum of ₹20,00,000.