The basic aim of Lead Bank Scheme is that ........

Economic Affairs Types of Banks and Banking

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The basic aim of Lead Bank Scheme is that

Big banks should try to open offices in each district

there should be stiff competition among the various nationalized banksMicrofinance Institutions

Individual banks should adopt particular districts for intensive development

All the banks should make intensive efforts to mobilize deposits

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Explanation:

Lead Bank Scheme (LBS) was introduced in 1969, based on the recommendations of the Gadgil Study

Objectives of Lead Bank Scheme:

Eradication of unemployment and under employment
Appreciable rise in the standard of living for the poorest of the poor
Provision of some of the basic needs of the people who belong to poor sections of the society

Under the Scheme, each district had been assigned to different banks (public and private) to act as a consortium leader to coordinate the efforts of banks in the district particularly in matters like branch expansion and credit planning. The Lead Bank was to act as a consortium leader for co-ordinating the efforts of all credit institutions in each of the allotted districts for expansion of branch banking facilities and for meeting the credit needs of the rural economy.