The Service Area Approach was implemented under the purview of
✓ Correct answer: b) Lead Bank Scheme
ExplanationThe Service Area Approach (SAA) was implement- ed under the purview of the Lead Bank Scheme.It was in- troduced by the Reserve Bank of India (RBI) in April 1989. The SAA aimed to facilitate the planned and orderly development of rural and semi-urban areas.Under this approach, each commer- cial bank branch in these areas was designated to serve a specific cluster of 15 to 25 villages.The designated branch was respon- sible for meeting the banking needs of its assigned service area, thereby strengthening the link between bank credit and rural development.158
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