Kerala has become the first state in the country with bank accounts for all families

Kerala has become the first state in the country with bank accounts for all families under Pradhan Mantri Jan Dhan Yojna (PMJDY). A formal declaration to this effect was made by Kerala Finance Minister KM Mani at the State-Level Bankers’ Committee (SLBC) meeting in Thiruvananthapuram on 11 November 2014.

• Under the Pradhan Mantri Jan Dhan Yojana, which was launched on Independence day in 2015, banks in Kerala opened around 13 lakh new accounts.
• At present, Kerala have Financial Literacy Centres in all the 152 blocks of Kerala has helped it to achieve the target of PMJDY ahead of schedule. 5.25 lakh rupees debit cards have been issued by all banks.
• Pradhan Mantri Jan Dhan Yojana s an ambitious scheme for comprehensive financial inclusion launched by the Prime Minister of India, Narendra Modi on 28 August 2014.
• Run by Department of Financial Services, Ministry of Finance, on the inauguration day, 1.5 Crore (15 million) bank accounts were opened under this scheme.