Kerala became the first fully digital banking state in the country.

  • Chief Minister Pinarayi Vijayan recently declared Kerala the first state in the country to go completely digital in its banking service and said the recognition would boost the state’s economy.
  • Vijayan said this achievement has been possible due to infrastructure development and technological advancement in the banking sector as well as social intervention through local self-government institutions.
  • The Chief Minister also said that the state government’s ambitious Kerala Fiber Optic Network (K-FON) project, which is almost 90% complete, will bridge the digital divide.
  • K-FON will ensure internet facility for all in the state and 17,155 km long optic fiber cable network has been laid. Once the project is completed, internet will be available to everyone in the state either at affordable cost or free of cost.
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