Question
Download Solution PDFLead Bank Scheme was launched in which year?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct option is option (1 ) i.e 1969.
- This scheme was launched to provide a lead role to the bank (both private and public) for providing financial assistance to a particular District allotted to the bank.
- The scheme was launched by the RBI on the recommendations of Gadgil Study Group and Nariman Committee.
- Committee and Group found that in rural areas banking services were not having an adequate presence so to overcome this drawback Lead Bank Scheme was launched.
- In 2009, Government of India formed a committee headed by Mrs Usha Thorat, former Deputy Governor of the RBI, to suggest reforms in the LBS.
- State Level Banker's Committee was formed in all the states and a quarterly meeting is held to review the steps taken to increase financial inclusion.
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