BANKING AFFAIRS

Detailed explanation-1: -(iii) Pursuant to the above recommendations, the Lead Bank Scheme was introduced by the Reserve Bank of India in December 1969.

Detailed explanation-2: -The correct answer is 1969. In 1969 the Lead Bank Scheme introduced by the Reserve Bank of India.

Detailed explanation-3: -Pursuant to the above recommendations, the lead bank scheme was introduced by RBI in December 1969. The lead bank scheme assigned lead role to individual banks in the public sector and private sector for the districts allotted to them.

Detailed explanation-4: -The lead bank acts as a leader for coordinating the efforts of all credit institutions in the allotted districts to increase the flow of credit to agriculture, MSE and other economic activities with the district being the basic unit in terms of geographical area.

Detailed explanation-5: -1.1 The genesis of Lead Bank Scheme can be traced to the Study Group, headed by Prof. D. R. Gadgil (Gadgil Study Group) on the Organisational Framework for the Implementation of the Social Objectives, which submitted its report in October 1969.