On the basis of the recommendations of both the Gadgil Study Group and Banker's Committee (Nariman Committee) Reserve Bank of India introduced the "Lead Bank Scheme" towards the end of 1969. To enable banks to assume their lead role in an effective and systematic manner, all districts in the country (excepting the metropolitan cities of Mumbai, Kolkata, Chennai and certain Union Territories) were allotted among Public Sector Banks and a few Private Sector Banks.
The Lead bank role is to act as a consortium leader for co-coordinating the efforts of all credit institutions in each of the allotted districts for expansion of branch banking facilities and for meeting the credit needs of the rural economy. For the preparation of District Credit Plans and monitoring their implementation a Lead bank Officer (LBO) now designated as Lead District Manager was appointed in 1979.
Collection of various data from Scheduled Commercial Banks, Regional Rural Banks, Co-operative Banks, other banks and various government agencies. Monitoring the implementation of Annual Credit lan and various Government Sponsored Schemes in the district. To raise the issue in order to impart requisite infrastructure in order to achieve Annual Credit Plan effectively. He should also play a leading role in poverty alleviation programmes launched by the State/Central Government. Preparation of Annual Credit Plan for the district.
ACP (Annual Credit Plan): Preparation of Annual Credit Plan is one of the most important assignments under taken by Lead Bank at District Level and by State Level Bankers Committee at State Level. It is an annual exercise since introduction of Lead Bank Scheme. It is an important document depicting the details of various economic activities being carried out in the District/ State under different sectors like Agriculture, MSE, Medium Enterprises, Education, Housing and Other Priority Sector and the flow of credit by various banks and institutions to these sectors.
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