The 'Lead Bank Scheme' in India, designed to adopt a service area approach for rural credit delivery, was introduced based on the recommendations of which committee?

💡 Solution & Explanation

The Nariman Committee report of 1969 laid the conceptual foundation for the Lead Bank Scheme to coordinate rural credit deployment across various districts. Other committees like the Narasimham Committee were established much later in the 1990s to recommend comprehensive banking sector reforms. This framework assigned specific commercial banks to lead developmental initiatives in designated districts.