New Student User - HELLO

Join Here

Kerala becomes the first state to be fully digital in banking service

Published on January 10, 2023
Current Context: Kerala has become the first state in India to offer banking services purely digital. Pinarayi Vijayan, the Chief Minister (CM) of Kerala, announced during a gathering.
Kerala becomes the first state to be fully digital in banking service
  • Additionally, Kerala was recognized with three "Digital India" awards for its progress in the digital industry: a silver medal for the Ksheerashree portal, a platinum award for the Digital Workforce Management System, and a gold medal for the District Administration of Kottayam.
  • This accomplishment was made possible through social interventions made possible by local self-government organizations, as well as by infrastructure growth and technology advancements in the banking industry.
  • The state government's nearly 90% finished Kerala Fibre Optic Network (K-FON) project will close the digital gap. "K-FON" aims to provide internet access to everyone in the state. The project includes the laying of a 17,155 km-long optical fiber cable network, and once completed, the internet will be available to everyone in the form either at a lower price or for free.
  • The project is being carried out by a group led by Bharat Electronics Ltd (BEL), which will also operate and maintain the 35,000-kilometre network for the following seven years. It costs Rs 1,028.20 crore and is funded by the Kerala Infrastructure Investment Fund Board (KIIFB).
  • It should be highlighted that Kerala is the only Indian state to have proclaimed its residents' "right to the Internet" as a basic right.

Question: 

Q.1 Which state has become the first state in India to offer banking services purely digital?
a. Maharashtra
b. Rajasthan
c. Tamil Nadu
d. Kerela
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu