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The relation between the Lattice Boltzmann Method, which has re- cently become popular, and the Kinetic Schemes, which are routinely used in Computational Fluid Dynamics, is explored. A new discrete velocity model for the numerical solution of Navier-Stokes equations for incom- pressible uid ow is presented by combining both the approaches. The new scheme can be interpreted as a pseudo-compressibility method and, for a particular choice of parameters, this interpretation carries over to the Lattice Boltzmann Method.