The correct answer is: A. Securitisation and Reconstruction of Financial Assets and Enforcement of Social Interest.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is an Act of the Parliament of India enacted to consolidate and amend the laws relating to securitisation and reconstruction of financial assets and enforcement of security interest and for matters connected therewith or incidental thereto.
The Act was enacted in response to the growing problem of non-performing assets (NPAs) in the Indian banking system. The Act provides for a framework for securitisation, which is the process of converting illiquid financial assets into marketable securities. It also provides for a framework for reconstruction of financial assets, which is the process of restructuring the terms of a loan or other financial obligation in order to make it more manageable for the borrower.
The Act also provides for a framework for the enforcement of security interest, which is the process of taking possession of collateral in order to satisfy a debt. The Act has been instrumental in helping to reduce the level of NPAs in the Indian banking system.
The other options are incorrect because they do not accurately reflect the full expansion of the term SARFAESI Act.