finance analysis

May 19th, 2015
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Lead Bank Scheme (LBS) was introduced in 1969, based on the recommendations of the Gadgil Study Group. The basic idea was to have an “area approach” for targeted and focused banking.

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Agricultural finance IIABM502 lecture 7Introduction of Lead Bank SchemeLead Bank Scheme (LBS) was introduced in 1969,based on the recommendations of the GadgilStudy Group. The basic idea was to have anarea approach for targeted and focusedbanking.The bankers committee, headed by F. S.Nariman, concluded that districts would be theunits for area approach and each districtcould be allotted to a particular bank whichwill perform the role of a Lead Bank. 2009-2013 http://www.gktoday.inLead Bank SchemeThe RBI evolved Lead Bank Scheme with the followingmajor objectives: To identify suitable areas for branch expansionTo formulate a phased program for expanding thebranches to provide banking facilities to the areacoveredTo design financing scheme, which can help inmobilizing deposit and promoting investment amongthe local people.To earmark potential areas for promoting schemes foragricultural development and small scale industries,generating local entrepreneurship.Structure of lead bankschemeAllotment of districts:All the districts in the country except themetropolitan cities of Mumbai, Kolkata,Chennai and Union Territories ofChandigarh, Delhi and Goa were allottedamong public sector banks and a fewprivate sector banks. Later on, the UnionTerritories of Goa, Daman and Diu as alsothe rural areas of the Union Territories ofDelhi and Chandigarh have been broughtwithin the purview of LBS.District Con

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