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In which year was the Lead Bank Scheme implemented in India?

Question: In which year was the Lead Bank Scheme implemented in India?

Options:

1969
1970
1975
1981

✅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.
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