QUESTION

Medium

Economy

Prelims 2012

The basic aim of the Lead Bank Scheme is that:

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Explanation

The Lead Bank Scheme was introduced by the Reserve Bank of India in 1969 with the objective of ensuring adequate banking and credit facilities in rural areas.

Under this scheme, individual banks are assigned to particular districts where they are expected to promote banking activities and credit growth.

Therefore, the basic aim of the Lead Bank Scheme is that individual banks should adopt particular districts for intensive development.

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