When was the Lead Bank Scheme introduced in India?

14. When was the Lead Bank Scheme introduced in India?

  1. 1947
  2. 1955
  3. 1969
  4. 1949

Answer: C) 1969

Explanation:

The Lead Bank Scheme, presented towards the finish of 1969, conceives the task of leading jobs to individual banks (both in open areas and private areas) for the locale allocated to them. A bank has a somewhat huge organization of branches in the rustic region of a given locale and enriched with satisfactory monetary and labour assets has commonly been dependent on the lead liability regarding that region. Likewise, every one of the locales in the nation has been allocated to different banks. The lead bank goes about as a pioneer for organizing the endeavours of all credit foundations in the designated locale to expand the progression of credit to horticulture, limited scope enterprises and other monetary exercises remembered for the need area in the country and semi-metropolitan regions, with the region being the fundamental unit as far as a topographical region.

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