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The RBI introduced lead banks schemes in ________.

  • The Reserve Bank of India (RBI) introduced the Lead Bank Scheme in 1969 to provide banking services to rural and semi-urban areas of India.
  • The scheme was part of the government's efforts to promote inclusive growth and financial inclusion in the country.
  • Under the Lead Bank Scheme, each district of India was assigned to a particular commercial bank, known as the "lead bank," which was responsible for coordinating the efforts of all the banks operating in that district to provide credit and other banking services to the rural and semi-urban areas.
  • The lead bank was also responsible for conducting surveys and identifying the credit needs of various sectors in the district, as well as for monitoring the performance of other banks in meeting the credit needs of their customers.