Kerala becomes first “Total Banking State” in India

Kerala becomes first “Total Banking State” in India.

Kerala completed its one of the most important campaign under the name of “Total financial inclusion plan (FIP)” on October-1-2011 and has achieved the credit of being the first state in India having complete reach to banking facility to every family in the state either small village or big towns.

As per the declaration made by the officials, there are about 14 districts under the jurisdiction of Kerala in which every household in having one bank account in government recognised bank and has been provided with the facility of need based credit by the bank holding the account.

This campaign started 4 years back when Palakkad district had achieved the status of Total Banking district. The banks which participated under this Total Financial Inclusion Campaign have been rewarded with certificated from Kerala Government and were handed over by Kerala Chief Minister Oommen Chandy.

While giving a speech on the achievement Chief Minister thanked and appreciated the effort and dedication of “State Level Banker’s Committee”, comprising of all major banks functioning in Kerala. In his proposal for future banking he has suggested the banks to increase the farming sector lending to more than 22 percent of total major lending and suggested that the involvement of banks in education, infrastructure, tourism and healthcare sector should be increased to make Kerala state evolve more in Finance and Economy sector in India.

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