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 nationalised banks
- individual banks should adopt particular districts for intensive development
- all the banks should make intensive efforts to mobilise deposits
Explanation
Option (c) is correct
- The Lead Bank Scheme was introduced in 1969. Under this scheme, specific banks were assigned as lead banks for designated districts, with the responsibility of providing banking services to residents. The lead bank acts as a leader for coordinating the efforts of all credit institutions in the allotted districts to increase the flow of credit to agriculture, MSE and other economic activities, with the district being the basic unit in terms of geographical area.
