| I. It provides long term rural credit for land improvement, soil conservation and other investments of a capital nature. |
| II. LDBs have now been renamed as State Co operative Agricultural and Rural Development Banks (SCARDBs) |
| III. They raise their funds through long term debentures offering state government guarantee, and refinancing from NABARD. |
A) I & II
B) II & III
C) Only II
D) All the above
Correct Answer: D
Solution :
Land Development Banks (LDBs) provide long-term rural credit for land improvement, soil conservation and other investments of a capital nature. LDBs have now been renamed as State Co-operative Agricultural and Rural Development Banks (SCARDBs). They raise their funds through long-term debentures offering state government guarantee, and refinancing from NABARD.
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