Kerala comes first in PM’s pet bank A/C project

Thiruvananthapuram: Kerala becomes the first state in the country to achieve 100 percent coverage of bank accounts for all families as part of the Jan Dhan Yojana launched by Prime Minister Narendra Modi on Independence Day. This was announced by finance minister K M Mani at the State-Level Bankers Committee meeting here on Tuesday.

 

“Kerala has completed the most important step towards assuring real financial inclusiveness by ensuring 100 percent coverage of all our families with bank accounts," the finance minister said. The State has been able to mobilize Rs 326 crore of deposits in these accounts.

 

“Financial inclusiveness is all about providing access to all our citizens, at a reasonable cost for all households, to a a full range of financial services, including savings or deposit services, payment and transfer services, credit and insurance. It also means that we will have sound and safe financial institutions governed by clear regulatory standards," the minister said. The finance minister said that the state had invariably been the leader whenever it had come to socioeconomic programmes in the country.