gs1medium

The Service Area Approach was implemented under the purview of:

  1. A.Integrated Rural Development Programme
  2. B.Lead Bank Scheme
  3. C.Mahatma Gandhi National Rural Employment Guarantee Scheme
  4. D.National Skill Development Mission
▶ Answer & Explanation

Correct answer: B. Lead Bank Scheme

The Service Area Approach (SAA) was introduced in 1989 to operationalize the Lead Bank Scheme. Under SAA, a specific geographical area was assigned to a bank, which would be responsible for assessing the credit needs of that area and providing banking facilities. This approach aimed to improve credit delivery and financial inclusion in rural areas by assigning responsibility to specific banks for specific service areas.

Source: UPSC gs1 2019

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