TeachMeFinance.com - explain Rural Community Advancement Program (RCAP)
Rural Community Advancement Program (RCAP) The term 'Rural Community Advancement Program (RCAP) ' as it applies to the area of agriculture can be defined as ' A program established by the rural development Title of the FAIR Act of 1996 under which USDA is authorized to provide state rural development block grants, direct and guaranteed loans, and other assistance to meet rural development needs across the country. Program funding will be allocated to three areas: (1) rural community facilities, (2) rural utilities, and (3) rural business and cooperative development. See Rural Development Trust Fund'.
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