Lead Bank Scheme PDF

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Lead Bank Scheme PDF Details
Lead Bank Scheme
PDF Name Lead Bank Scheme PDF
No. of Pages 14
PDF Size 0.36 MB
Language English
Source data.conferenceworld.in
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Lead Bank Scheme

Here in this post, we are providing Lead Bank Scheme PDF. The Lead Bank Scheme, introduced in late 1969, envisages delegating key roles to individual banks (both public sector and private sector) for allocated districts. A bank has a relatively large network of branches in rural areas of a given district and endowed with adequate financial and manpower resources is usually entrusted with the major responsibility of that district.

Accordingly, all the districts of the country have been allotted to different banks. Lead Bank as a leader in coordinating the efforts of all credit institutions in the allotted districts to enhance the flow of credit for priority sector agriculture, small-scale industries, and other economic activities in rural and semi-urban areas District is the basic unit in terms of geographical area.

Lead Bank Scheme PDF

Sl.No. Record No. Recommendations
1 1 The Lead Bank Scheme (LBS) is useful and needs to continue. The State Level Bankers Committee (SLBC) and various fora under LBS should focus on addressing the ‘enablers’ and ‘impeders’ in advancing greater financial inclusion and flow of credit to priority sectors while monitoring Govt. Sponsored Schemes.
2 3 The overarching objective of the Lead Bank Scheme shall be to enable banks and State Governments to work together for inclusive growth.
3 4 It is necessary to broad base the scope of the scheme to cover initiatives for financial inclusion, the role of State Governments, financial literacy, and credit counseling as also ‘credit plus’ activities, formulate action plans to facilitate ‘enablers’ and remove /minimize ‘impeders’ for banking development for inclusive growth, develop grievance redressal mechanism, etc.
4 7 Banks need to take maximum advantage of available IT solutions. The funding arrangements available under the Financial Inclusion Technology Fund (with NABARD) or other options such as the support offered for distribution of Government payments by RBI may be explored for this purpose. However, connectivity should not be an issue of consideration for not pursuing Financial Inclusion by commercial banks/RRBs.
5 9 Although permitted, Primary Agricultural Credit Societies (PACS) are not being used as BCs. Concerted efforts may be made for using PACS as BCs where such PACS are running well.
6 11 State Governments to ensure road/ digital connectivity to all centers where penetration by the formal banking system is required. The achievement of such connectivity may be monitored by a sub-committee of the DCC. Advantage may be taken of the special scheme offered by RBI of satellite connectivity through small V-SATs in remote areas.
7 12 State Governments to ensure conducive law and order situation, adequate security, uninterrupted power, water supply, and irrigation facilities.
8 18 The DLCCs/SLBCs may monitor initiatives for providing ‘credit plus’ services by banks and State Government. The lead banks would need to take expeditious steps to set up RSETIs as per the plan projections. As recommended by the Working Group on Rehabilitation of Sick SMEs (Chairman: Dr. K.C. Chakrabarty, April 2008), a scheme for utilizing specified NGOs for providing training and other services to tiny micro-enterprises may be considered by the SLBC convenor banks in consultation with State Governments as per the guidelines contained in RBI circular RPCD.SME&NFS.BC.No. 102/06.04.01/2008-09 dated May 04, 2009.
9 31 The educational loans granted by banks may be monitored and progress reviewed in the meetings of the SLBC by evolving a tracking mechanism with the help of state governments, educational institutions, and banks, so as to ensure proper recovery of such loans.
10 32 The activities of NGOs in facilitating and channeling credit to low-income households are expected to increase in the coming years. Bank’s linkage with such NGOs/Corporate houses operating in the area to ensure that the NGOs/Corporates provide the necessary ‘credit plus’ services can help leverage bank credit for inclusive growth. Success stories could be presented in DCC/SLBC meetings to serve as models that could be replicated.
11 33 SLBC/DCC to identify academicians and researchers engaged in research and development studies to be invited occasionally to the meetings of these bodies.
12 37 In States where the Chief Minister or the Finance Minister takes an active interest in the SLBC and is present in the meetings, the SLBC has been more effective as a coordination forum.
13 39 In view of the large membership of the SLBC, it would be desirable for the SLBC to constitute Sub-Committees for specific tasks. In addition to the Sub-Committees already in existence, these could include IT enabled financial inclusion, financial inclusion in urban areas, action plan for financial literacy, grant of educational loans, improvement in land records/ other evidence for land ownership/occupation, improving recovery systems, measures to deal with the downturn, promoting bank/SHG linkage and addressing issues relating to the provision of microfinance in the State.
14 41 The various fora at lower levels should give adequate feedback to the SLBC on issues needed to be discussed on a wider platform. Important issues/ decisions of the BLBC, DCC, and DLRC should be placed before the next meeting of the SLBC so that these receive adequate attention at the State Level.
15 42 The secretariat/offices of SLBC should be sufficiently strengthened and the SLBC convenor bank should have a full-fledged secretariat for effective discharge of its functions.
16 60 Every SLBC should have its own website where all instructions pertaining to the Lead Bank Scheme as well as other instructions issued by Reserve Bank and other agencies as also in respect of Government Schemes for the benefit of common person are made available.
17 62 Each SLBC may have a dedicated Financial Literacy Division to propagate the various instructions. The local media should be encouraged to frequently interact with the Financial Literacy Division and its help taken to reach out to the common persons.

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