Economics • Banking & FinanceMedium
What is the significance of the State Level Bankers Committee (SLBC) meetings convened periodically in Uttarakhand?
A. To set international crude oil export quotas for the state
B. To review credit deployment, evaluate performance under government sponsored schemes, and address banking issues across the state✓ Correct Answer
C. To adjudicate civil and criminal disputes involving commercial bank employees
D. To directly collect income tax revenues from hill farmers
💡 Solution & Explanation
The State Level Bankers Committee in Uttarakhand brings together senior executives of commercial banks, NABARD, RBI officials, and state government secretaries to review credit flow to priority sectors, monitor implementation of poverty alleviation schemes, and resolve operational bottlenecks in banking services. Lead bank responsibilities include convening these regular sessions. Actionable targets are assigned to member banks during these reviews.
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