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CRAFICARD’s recommendations culminated in the establishment of which institution, and what gap did it fill in India’s rural finance architecture?

ASFMC; it focused on the modernization of cooperative banks for urban areas.

BNABARD; it unified refinance, development, and supervision for agriculture and rural development credit

CRCRC; it primarily handled foreign exchange for agricultural exports.

DNABFIN; it was responsible for regulating non-banking financial companies in rural sectors.

Answer:

B. NABARD; it unified refinance, development, and supervision for agriculture and rural development credit

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