The correct answer is option 3, Lakshmidhara. In the twelfth century, Lakshmidhara, a Sanskrit scholar, was responsible for the compilation of ‘Nibandhas’ or digests of epic and Puranic texts.

Option 1, Harsha, is not the correct answer as Harsha was a seventh-century Indian emperor and poet, known for his plays and poetry.

Option 2, Govindachandra, is not the correct answer as there is no significant evidence or historical record of Govindachandra`s involvement in the compilation of ‘Nibandhas’ during the twelfth century.

Option 4, Kalidasa, is not the correct answer as Kalidasa was a fourth-century Sanskrit poet and playwright, known for literary works such as Meghaduta and Shakuntala. He was not responsible for the compilation of ‘Nibandhas’ in the twelfth century.

In conclusion, option 3, Lakshmidhara, is the correct answer as he was the twelfth century Sanskrit scholar who compiled the ‘Nibandhas’ or digests of epic and Puranic texts.