What was the earlier name of Land Development Banks?

✅Explanation:
Land Development Banks (LDBs), initially established in the early 20th century in India, were originally known as Land Mortgage Banks. The primary function of these banks was to provide long-term loans to farmers, primarily against the mortgage of their land. These loans were used for land development, irrigation projects, and other agricultural infrastructure.
Over time, as the scope of LDBs expanded to include not only land-related loans but also loans for allied agricultural activities and rural development, their name changed to Land Development Banks. However, in some states, they are still referred to by their original name, Land Mortgage Banks.
Additional Information
-Land Development Bank was earlier known as Land Mortgage Bank. 
-They are cooperative institutions registered under Cooperative Societies Act.
-Objective: To provide long-term loans facility to farmers to borrow equipment such as tractors, pump sets, etc.
-The first Land Mortgage Bank was set up in Jhind, Punjab in 1920. But its real beginning was marked by the establishment in 1929 in Madras.