Question

Match List-I with List-II

List-I (Scheme/System) & List-II (Committee)
(A). Single Window System & (I). F.K.F. Nariman Committee
(B). Differential Rate of Interest Scheme & (II). M. Narasimham Committee
(C). Lead Bank Scheme & (III). B.K. Hazare Committee
(D). Regional Rural Banks & (IV). Mohan Kanda Committee
Choose the correct answer from the options given below:

• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (II), (B) - (I), (C) - (III), (D) - (IV)
• (A) - (III), (B) - (II), (C) - (I), (D) - (IV)
• (A) - (IV), (B) - (III), (C) - (I), (D) - (II)

Hint:

Match these key agricultural credit committees:
- Lead Bank Scheme \(\rightarrow\) Nariman Committee (1969).
- RRBs \(\rightarrow\) Narasimham Committee (1975).
- DRI Scheme \(\rightarrow\) Hazare Committee (1971).

Answer 1

The Correct Option is D

Step 1: Understanding the Concept:
To improve the flow of institutional credit to agriculture and weaker sections, the Government of India and the Reserve Bank of India have established various committees to design and implement targeted financial schemes.

Step 2: Detailed Explanation:
Let us match each scheme or system with the committee that recommended it:
- (A). Single Window System: The Mohan Kanda Committee (2001) evaluated the cooperative credit delivery system and recommended implementing a "Single Window System" to provide both short-term and long-term credit to farmers through a single contact point, matching (IV).
- (B). Differential Rate of Interest (DRI) Scheme: The B.K. Hazare Committee (1971) recommended this scheme to provide bank loans at a highly concessional interest rate (\(4%\) per annum) to the weakest sections of society, matching (III).
- (C). Lead Bank Scheme: Recommended by the F.K.F. Nariman Committee (1969), this scheme assigns a specific "lead bank" to each district to coordinate credit planning and development, matching (I).
- (D). Regional Rural Banks (RRBs): Recommended by the Narasimham Working Group on Rural Banks (1975), RRBs were created to provide institutional credit to small and marginal farmers, agricultural laborers, and rural artisans, matching (II).
This gives the matching: (A) - (IV), (B) - (III), (C) - (I), (D) - (II).

Step 3: Final Answer:
The correct match is Option (D).