Question
GSMediumPrelims 2012Economy

The basic aim of the Lead Bank Scheme is that:

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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