Question

    With which of the following is the 'Service Area

    Approach' associated with?
    A Industrial Finance Correct Answer Incorrect Answer
    B Micro Finance Correct Answer Incorrect Answer
    C Consortium Finance Correct Answer Incorrect Answer
    D Rural Finance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Service Area Approach (SAA) introduced in April 1989, in order to bring about an orderly and planned development of rural and semi-urban areas of the country, was extended to all Indian scheduled commercial banks including Regional Rural Banks (RRBs). Under the SAA, all rural and semi-urban branches of banks were allocated specific villages, generally in geographically contiguous areas, the overall development and the credit needs of which were to be taken care of by the respective branches.

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