Sign In Question: In which year was the Lead Bank Scheme implemented in India?
✅Explanation:
The Lead Bank Scheme was introduced by the Reserve Bank of India (RBI) in December 1969. The scheme was a significant step towards expanding banking and financial services in rural and underdeveloped areas of India. Under this scheme, each district was assigned to a specific bank, designated as the "Lead Bank," responsible for coordinating the efforts of all banks in the district to promote credit and other banking facilities.
The Lead Bank Scheme was introduced by the Reserve Bank of India (RBI) in December 1969. The scheme was a significant step towards expanding banking and financial services in rural and underdeveloped areas of India. Under this scheme, each district was assigned to a specific bank, designated as the "Lead Bank," responsible for coordinating the efforts of all banks in the district to promote credit and other banking facilities.
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