Kerals has acheieved 100% financial inclusion according to which (each and every family in the state has atleast one bank account).
After Goa and Himachal Pradesh, Kerala, which earlier had a distinction of first state to achieve total literacy, has now become a total banking state. Every single household in Kerala has been brought under banking network with at least one member of each family having a bank account. All such persons will now be eligible for a general purpose loan up to Rs. 25,000.
Kerala has witnessed a 69.47% growth in the credit to deposit ratio and domestic deposits account for over 60.95% of the total deposits.