LEAD BANK SCHEME:
- Prof. D. R. Gadgil (Gadgil Study Group) recommended for Lead Bank Scheme in order to promote Financial Inclusion.
- Lead Bank Scheme was introduced in 1969.
- In Lead Bank Scheme, district is the basic unit in terms of geographical area.
- Lead Bank Scheme envisages assignment of lead roles to individual banks (both in public sector and private sector) for the districts allotted to them.
Identification of Lead Bank Scheme:
Bank having relatively large network of branches in the rural areas of a given district and endowed with adequate financial and manpower resources has generally been entrusted with the lead responsibility for that district.
Roles of Lead Bank:
The lead bank acts as a leader for coordinating the efforts of all credit institutions in the districts so as to increase the flow of credit to agriculture, small-scale industries and priority sector in the rural and semi-urban areas.
Usha Thorat committee constituted in 2009 has recommended for the revival of the scheme.
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