Healthy and sound banking institutions help in strengthening the economy of the country. All the banks (i.e., Nationalised Bank, RRB, Private Bank, and Cooperative Bank) have a different and invaluable contribution in keeping the middle-income developing market economy. RBI has devised a new financial inclusion scheme, namely "Lead Bank Scheme" to provide advances to less fortunate people and the rural sector. Under this scheme, all banks have to play a lead role in their allotted blocks. However, it is said that private sector banks are reluctant to provide advances to the economically underprivileged sections of society of far-flung areas due to a higher risk of NPA. The objective of the present research study is to examine any significant differences among the performance of the nationalised bank, the private bank, the cooperative bank, and the RRB using the multidimensional quantitative statistical method and to shatter the myth that "Nationalised Banks and SBIS are dedicated to rural development." To find out the facts, the researcher has collected secondary data from the state level bankers committee of the lead bank scheme and deployed an ANOVA F test. At first glance, we can conclude that the purpose of the nationalisation is not satisfied; it is far away from the expectations, as the share of the priority sector, agriculture, and weaker section advances in the total advances of the Nationalised Bank and SBI is too low as compared to other banks. The nationalised bank failed to achieve targets of agriculture sector, MSME sector, Education sector, Housing sector, Renewable Energy Project sector and Social Infrastructure sector, sub sectors of non-priority sector advances. Nationalised banks have achieved the target of weaker section only. The study says that the performance of private sector bank is upto the mark as this bank has achieved all the targets of priority and non-priority sector advances. No doubt, the study is based on a limited number of figures and secondary data. But the researcher has found the facts on the basis of multidimensional analysis