Kerela 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.
Kerela 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

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