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Question
When did the Lead Bank Scheme to reduce the development gap between different regions of the country launched in India?
When did the Lead Bank Scheme to reduce the development gap between different regions of the country launched in India?
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Solution
The correct option is C Towards the close of the Plan Holiday in Indian economy
Lead Bank Scheme was launched in 1969 towards the end of the Plan Holiday of 1966-1969 with the objectives of addressing the problem of unemployment, poverty and raising the living standard of the poor. Under the scheme, each district was assigned to different banks (private and public) to act as a consortium leader to coordinate the efforts of all banks in the district in matters like credit planning and branch expansion.
Lead Bank Scheme was launched in 1969 towards the end of the Plan Holiday of 1966-1969 with the objectives of addressing the problem of unemployment, poverty and raising the living standard of the poor. Under the scheme, each district was assigned to different banks (private and public) to act as a consortium leader to coordinate the efforts of all banks in the district in matters like credit planning and branch expansion.
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