what is taccavi loan
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These loans are known as taccavi loans and are lend by the Government during emergency or distress like famine, flood etc. The rate of interest charged against such loan is as low as 6 per cent. During 1990-91, the state Governments had advanced nearly Rs 350 crore as a short-term loan to agriculture.
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Taccavi loan was a short term loan given to poor farmers to purchase seeds, fertilizers, equipment's and for other agriculture purposes. This was introduced to enhance productivity of crop cultivation and help poor farmers to increase the income.
Even though the scheme majorly focused on improving the existing condition of poor farmers, the benefits were broadly utilized by rich farmers. This is why the sc
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