Discussion
What is the full form of "PCARDB"?
Answer: C
Correct answer: Primary Cooperative Agriculture and Rural Development Bank
A PCARDB is the village or block level unit of the long-term co-operative credit structure, lending against the mortgage of land for permanent improvements - wells, levelling, plantations, machinery.
Above it sits the state co-operative agriculture and rural development bank, and NABARD refinances the structure. These are the modern names for what were the primary and central land development banks. What distinguishes them from the short-term structure is the term of the lending: many years, against a season for crop loans.
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