IMPACT OF LEAD BANK SCHEME ON SOCIO-ECONOMIC UPLIFTMENT OF BENEFICIARIES

Abstract

A country's economic development depends heavily on its banks. Following independence, India's banking sector became one of the recognized organisations for extending loans to rural areas. Numerous new and creative plans and initiatives have been created and put into action. The RBI developed the Lead Bank, a novel model, to lessen sectoral and regional economic imbalances. By lessening disparities between areas and sectors, the LBS seeks to put every district on the growth path. At the state and district levels, Lead Bank, as the district's leader bank, organises the actions of banks, government agencies, and other stakeholders.  The purpose of the study is to analyze the impact of lead bank scheme on Socio-Economic Upliftment of Beneficiaries. The technique used in the current study in SEM using SMARTPLS. The findings of the study indicated that there is a significant impact of Participation in the lead bank scheme on Economic empowerment, financial stability, and social development.