Module: General Practice
Q28: Under the district-level framework of the Lead Bank Scheme, which organization is required to appoint the District Development Manager (DDM)?
✅ Correct Answer: A
The correct answer is National Bank for Agriculture and Rural Development (NABARD). The person appointed by NABARD acts as the official connection between NABARD and the banking and financial groups in the district.
Their job is to promote rural credit, carry out financial inclusion programs, and support agricultural development.
On the other hand, the Reserve Bank of India appoints one of its own officers as the Lead District Officer (LDO). This officer acts as the direct representative of the Reserve Bank of India at the district level for all matters related to the Lead Bank Scheme.
Their job is to promote rural credit, carry out financial inclusion programs, and support agricultural development.
On the other hand, the Reserve Bank of India appoints one of its own officers as the Lead District Officer (LDO). This officer acts as the direct representative of the Reserve Bank of India at the district level for all matters related to the Lead Bank Scheme.
🧠 Real-World Scenario:
Imagine local farmers need better loans to buy modern tractors. Suddenly, the district needs an expert to calculate exactly how much money the agriculture sector needs next year.
According to the rules, they can turn to the District Development Manager (DDM) appointed by NABARD. This means the DDM serves as the ultimate bridge between rural farming needs and the banking system's money.