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CRAFICARD spotlighted institutional development alongside refinance. Which of the following best expresses this dual mandate later embedded in NABARD?

APrioritize institution-building over refinance to ensure long-term sustainability.

BFocus solely on refinance to increase the flow of credit to rural areas.

CCombine refinance with institution-building, research, and supervision to strengthen the entire rural finance ecosystem

DSeparate institutional development from refinance to avoid conflicts of interest.

Answer:

C. Combine refinance with institution-building, research, and supervision to strengthen the entire rural finance ecosystem

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