Consider the following statements about the Tagai Loans 1 These were low interest loans granted by M...........

Ancient and Medival History Later Mughals and Advent of Europeans

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Consider the following statements about the Tagai Loans

1. These were low interest loans granted by Mughal king to the artisans

2. These were the low interest loans given by the Marathas to the farmers

3. The aim of the loans was to protect the cultivators from the money lenders

which of the above statements is/are correct?

1&2 only

2&3 only

1&3 only

All of the above

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Explanation:

Agricultural taxes were the main source of revenue for the Maratha administration, as such they took various measures to expand and promote agriculture.
Waste or barren land that was brought into cultivation was given to the cultivator as the Inam land, and Tagai loans were given to to the farmers, these were the low interest loans given by the state to the cultivators, the primary aim was to protect the farmers from the clutches of the moneylenders.