About Lead Bank Scheme (LBS):
- On the recommendations of the Nariman committee, the LBS was introduced by the Reserve Bank of India in 1969.
- Aim: Coordinating the activities of banks and other developmental agencies in order to achieve the objective of enhancing the flow of bank finance to the priority sector and other sectors and to promote banks' role in the overall development of the rural sector
- For coordinating the activities in the district, a particular bank is assigned ‘Lead Bank’ responsibility of the district.
- The Lead Bank is expected to assume a leadership role for coordinating the efforts of the credit institutions and the Government.
- For the preparation of District Credit Plans and monitoring their implementation, a Lead bank Officer (LBO), now designated as Lead District Manager was appointed in 1979.
