economics medium Fill in the Blank

The Lead Bank Scheme was introduced in 1969 based on the recommendations of the ___ Study Group to coordinate credit deployment in rural districts.

  1. product
  2. long
  3. Gadgil
  4. public

Answer: Gadgil

The Gadgil Study Group, along with the Nariman Committee, recommended the Lead Bank Scheme. Under this, a specific bank (usually with a large branch network) is assigned the role of a consortium leader for each district to coordinate the efforts of all credit institutions and identify local investment potential.

Topic Banking - History
Exam Relevance Banking, SSC, Railway
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