Srinagar, Jan. 2 -- he Jammu & Kashmir State Cooperative Agriculture and Rural Development (SCARD) Bank Ltd. has, over a period of time, been experiencing persistent operational and financial challenges. These challenges have primarily arisen due to deficiencies in governance and internal control systems, weak loan recovery performance, and constraints in accessing refinance support from the National Bank for Agriculture and Rural Development (NABARD). Taken together, these factors have adversely impacted the financial health and normal functioning of the Bank. The issues relating to the Bank have been examined in depth by the Cooperative Department in close consultation with NABARD. Based on its supervisory assessments, NABARD has advise...