Which of the following is the main objective of the Service Area Approach Programme launched in India?

To accelerate the process to open bank branches in the urban areas

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To device a new strategy for rural leading to bring economic growth in rural areas

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To formulate new device to enhance the transparency and functioning of bank branches

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Both 'a' and 'c' correct

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Solution

The correct option is B To device a new strategy for rural leading to bring economic growth in rural areas
Service Area Approach was introduced in 1989 and was basically an improved version of the area approach of the Lead Bank Scheme. Under this approach, each commercial bank was designated to serve 15-25 villages for planned and orderly development of the rural and semi-urban areas.

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