Which of the statement is correct regarding Land Development Banks? 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.  

Which of the statement is correct
regarding Land Development Banks?
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.
 

1). I & II
2). II & III
3). Only II
4). All the above

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