Multiple choice

In 2008, which of the following banks revised a scheme under which it provides loans to farmers to free them from the cluches of moneylenders?

  1. SBI

  2. UCO Bank

  3. Union Bank

  4. Allahabad Bank

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A Correct answer
Explanation

In 2008, the State Bank of India (SBI) revised its debt-swap scheme, which was designed to help farmers pay off high-interest loans from private moneylenders by providing them with lower-interest bank loans.