The basic aim of Lead Bank Scheme is that
[UPSC Civil Services Exam – 2012 Prelims]
(a) big banks should try to open offices in each district
(b) there should be stiff competition among the various nationalized banks
(c) individual banks should adopt particular districts for intensive development
(d) all the banks should make intensive efforts to mobilize deposits
Answer: (c)
Explanation:
The Lead Bank Scheme, introduced towards the end of 1969, envisages the assignment of lead roles to individual banks (both in the public sector and private sector) for the districts allotted to them.
Objectives of the Lead Bank Scheme:
- Eradication of unemployment and underemployment.
- The 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.
