Question

Lead bank scheme introduced by

• A. NABARD
• B. RBI
• C. Central Government
• D. SBI

Answer 1

Answer:

B. RBI

The Lead Bank Scheme was introduced by the Reserve Bank of India in 1969. Objective: To ensure planned development of banking in rural and semi-urban areas by assigning each district to a specific bank called the Lead Bank. Functions of Lead Bank: Coordinate the activities of all banks in the district. Prepare District Credit Plans. Monitor and ensure proper credit flow to agriculture, small industries, and weaker sections. Other options: NABARD: Provides refinance and regulates credit, but did not introduce the scheme. Central Government: Supports banking, but scheme was initiated by RBI. SBI: Participates as a bank, but did not introduce it.