Answer: Land Development
Notes: State Cooperative Agriculture and Rural Development Banks (SCARDBs) are a Central Sector Scheme of India. Their basic functions include: Flotation, Land records, Loan management, Loan recovery. SCARDBs raise resources for State Land Development Banks (SLDBs) to provide long-term loans to cultivators. These loans are used for schemes that increase agricultural output, such as digging bore-wells. The Reserve Bank of India (RBI) regulates the banking functions of SCARDBs. The state registrar of co-operatives is responsible for monitoring and administering these banks. NABARD conducts periodic on-site inspections of SCARDBs. These inspections focus on the financial, managerial, operational aspects, and risk profile of the banks.
