Are you willing to know the detailed information about the Lead Bank Scheme? Here is the article which provides you the clean and clear information about the Lead Bank Scheme. The Lead bank Scheme was introduced by RBI on the basis of the recommendations of both the Gadgil study Group and Bankers Committee. This scheme was introduced in the year of 1969 to provide lead roles to all the Individual Banks such as Public Sector bank as well as Private Sector Banks for the districts which were allotted to them.
Here the major role of the lead bank is to coordinate the efforts of all the banks in the area for credit expansion to all sectors which is important to the economy. Commercial banks didn't have adequate presence in rural areas and also lacked the requirement in rural Orientation.
Here the Public (or) Private bank has given Some Areas in which that bank had to play a lead role in providing the financial services to the people and making them aware of the banks and has various benefits of banks and also it is generating trust among people so that they can deposit their money without any fear (or) loss.
So here in this way, all the districts in the country have been allotted to various banks and the Lead bank also acts as a leader for coordinance activities and Services for all the financial institutions in that area. presently for this Lead bank Officer, it was designed as Lead District Manager has been appointed.
