gs1medium
The Service Area Approach was implemented under the purview of:
- A.Integrated Rural Development Programme
- B.Lead Bank Scheme
- C.Mahatma Gandhi National Rural Employment Guarantee Scheme
- 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