Pursuant to the recommendations of Gadgil Committee (October, 1969) and Nariman Committee (November, 1969) the Lead Bank Scheme was introduced by the Reserve Bank of India in December, 1969.The scheme emphasized making specific Banks in each district the key instruments of local development by entrusting them with the responsibility of locating growth centers, assessing deposit potential, identifying credit gaps and evolving a coordinated approach to credit deployment in each district, in concert with other Banks and credit agencies..