ERNAKULAM SHINES IN FINANCIAL INCLUSION

ERNAKULAM SHINES IN  FINANCIAL INCLUSION

First District in Country to achieve target, Thanks to no-frills accounts offered.

5 families who opted for agricultural loan in Maradu Municipality

79608 males living in Municipalities have Bank Accounts

37213 people in Kalamassery Municipality don't have Bank Accounts

70% people in the district is covered by Insurance, against the National average of 10%

2000 people voluntered for the banking survey which took six months to finish

6 lakh plus families were covered in the survey

40% of individuals in the district don't have bank accounts

30 lakhs plus individuals participated in the survey

Kochi:

The year long efforts by banks in Ernakulam district to extend their services to common man have borne fruit. Thanks to the no-frills accounts offered by banks and a survey funded by them.

Ernakulam district in India to achieve meaningful financial inclusion in the country.  Chief Minister Oommen Chandy  and Reserve Bank of India Governor D Subbarao will officially annnounce it here on November 22. 

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