BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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metropolitan cities
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all states and union territories
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backward distance
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rural areas only
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Detailed explanation-1: -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-2: -Problems in Lead Bank Scheme Shift in policies, complexities in operations and issues shifting to the Financial Inclusion. Duplication of efforts in credit plan preparation. Absence of check and balance.
Detailed explanation-3: -The Lead Bank Scheme is a scheme which aims at providing adequate banking and credit in rural areas through an ‘service area approach’, with one bank assigned for one area. It was introduced in 1969. On the recommendation of the Gadgil Study Group and Banker’s Committee, the Scheme was introduced by RBI.