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Question
The Local Area Bank Scheme was announced in the budget in _______.
The Local Area Bank Scheme was announced in the budget in _______.
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Solution
The correct option is A 1996-97
CThe government announced the Local Area Bank Scheme in August 1996. Under this scheme the local banks were set up. The aim of establishing these local banks was to mobilize the rural savings by local institutions and make them available investment in these local areas. The idea was to bridge the gap between the credit availability in the rural and semi-urban areas.
C
The government announced the Local Area Bank Scheme in August 1996. Under this scheme the local banks were set up. The aim of establishing these local banks was to mobilize the rural savings by local institutions and make them available investment in these local areas. The idea was to bridge the gap between the credit availability in the rural and semi-urban areas.
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