The RBI launched the Lead Bank Scheme (LBS) to mobilise deposits and step-up lending to weaker sections of the economy. When was the scheme launched?

Correct option is C

The correct answer is: (c) 1969
Explanation:
· The Lead Bank Scheme (LBS) was introduced by the Reserve Bank of India in 1969 after the nationalization of banks.
· Its aim was to assign lead responsibility of a district to a bank for coordinating the activities of all financial institutions and public sector banks to uplift weaker sections.
Information Booster:
· Introduced based on recommendations of the Gadgil Committee (1968).
· Helps achieve financial inclusion in rural areas.
· Lead Bank prepares a District Credit Plan (DCP).
· Coordinates with local institutions and government agencies.
· Implemented in all districts of the country.
· Part of broader rural credit planning by RBI and NABARD.