Which of the following is/are correct about LEAD Scheme?

It aims at providing adequate banking and credit in rural areas through an ‘service area approach’.

It was introduced in 2014.

It is based on the recommendation of Raghuram Rajan committee.

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Question

The Lead Bank Scheme is a scheme which aims at providing adequate banking and credit in rural areas through an ‘service area approach’, with one bank assigned for one area. It was introduced in 1969.
On the recommendation of the Gadgil Study Group and Banker’s Committee, the Scheme was introduced by RBI.

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The Lead Bank Scheme is a scheme which aims at providing adequate banking and credit in rural areas through an ‘service area approach’, with one bank assigned for one area. It was introduced in 1969.
On the recommendation of the Gadgil Study Group and Banker’s Committee, the Scheme was introduced by RBI.