Q10 · UPPSC current affairs · 9 October 2026 · News · State Level Bankers Committee SLBC RBI guidelines

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What is the core function of the 'Lead Bank Scheme' established under RBI guidelines?

A To provide direct venture capital funding to micro-enterprises without commercial bank involvement.
B To manage foreign exchange reserves across state cooperative banks.
C To centralize all rural savings accounts exclusively within the Reserve Bank of India.
D To adopt individual districts to coordinate commercial banking and developmental credit delivery.

Correct answer: (d) To adopt individual districts to coordinate commercial banking and developmental credit delivery.

Explanation

Option D is correct because the Lead Bank Scheme is an RBI framework where individual districts are adopted to coordinate commercial banking operations and developmental credit delivery. Options A, C, and D are factually incorrect regarding the scheme's purpose.

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