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== Economy == | == Economy == | ||
Remittance from NRIs is the primary source of income. The large number of ATMs and high density of banks are also attributed to large bank deposits. As of 2009, the bank deposits for the | Remittance from NRIs is the primary source of income. The large number of ATMs and high density of banks are also attributed to large bank deposits. As of 2009, the bank deposits for the Kumbanad-[[Thiruvalla]] belt are estimated to be [[File:Indian Rupee symbol.svg|8px]] 5,400 Crore.<ref name="ETNews">{{cite news|url=http://economictimes.indiatimes.com/news/economy/finance/Recession-a-rude-wake-up-call-for-NRI-rich-villages-/articleshow/5338299.cms|title=Recession a rude wake-up call for NRI-rich villages|date=15 December 2009|newspaper=The Economic Times|access-date=16 October 2010|author=Tapash Talukdar|author2=Anirvan Ghosh}}</ref> | ||
There are other small business and services that depend on the foreign remittance. Since most of the emigrants are young and middle aged, most of the settled population is old-aged. There are services and health care units that cater to their needs.<ref name="RediffNews">{{cite news|url=http://www.rediff.com/news/2004/feb/14flip.htm|title=Without regard for caste, creed or politics|last=T V R|first=Shenoy|date=13 Feb 2004|newspaper=Rediff News|access-date=19 October 2010}}</ref><ref name="OutLookNews">{{cite web|url=http://www.outlookindia.com/article.aspx?229157|title=All Morbid Mansions|last=Mary|first=John|publisher=Outlook India|access-date=19 October 2010}}</ref> | There are other small business and services that depend on the foreign remittance. Since most of the emigrants are young and middle aged, most of the settled population is old-aged. There are services and health care units that cater to their needs.<ref name="RediffNews">{{cite news|url=http://www.rediff.com/news/2004/feb/14flip.htm|title=Without regard for caste, creed or politics|last=T V R|first=Shenoy|date=13 Feb 2004|newspaper=Rediff News|access-date=19 October 2010}}</ref><ref name="OutLookNews">{{cite web|url=http://www.outlookindia.com/article.aspx?229157|title=All Morbid Mansions|last=Mary|first=John|publisher=Outlook India|access-date=19 October 2010}}</ref> | ||
Revision as of 21:47, 3 January 2022
 | This article needs additional citations for verification. (November 2018) |
Kumbanad | |
|---|---|
village | |
 Kumbanad Junction | |
  Kumbanad Location in Kerala, India  Kumbanad Kumbanad (India) | |
| Coordinates: 9°21′07″N 76°39′40″E / 9.352°N 76.661°E | |
| Country |  India |
| State | Kerala |
| District | Pathanamthitta |
| Taluk | Tiruvalla |
| Time zone | UTC+5:30 (IST) |
| PIN | 689547 |
| Telephone code | 469 |
| Vehicle registration | KL-27 |
| Nearest city | Tiruvalla |
| Lok Sabha constituency | Pathanamthitta |
| Climate | Tropical (Köppen) |
Kumbanad is a town located in the Koipuram Town Panchayath Thiruvalla Taluk of Pathanamthitta district in the State of Kerala.
Economy
Remittance from NRIs is the primary source of income. The large number of ATMs and high density of banks are also attributed to large bank deposits. As of 2009, the bank deposits for the Kumbanad-Thiruvalla belt are estimated to be 
5,400 Crore.[1]
There are other small business and services that depend on the foreign remittance. Since most of the emigrants are young and middle aged, most of the settled population is old-aged. There are services and health care units that cater to their needs.[2][3]
Politics
Kumbanad is part of Pathanamthitta District. In Lok Sabha, Kumbanad is represented by the sitting MP from Pathanamthitta, Mr. Anto Antony (Indian National Congress). Aranmula assembly segment and Veena George is the current MLA (2016 Kerala Legislative Assembly elections). Moncy Kizhakedethu of Kizhakedethu Family (United Democratic Front) is the current Koipuram Panchayat President.
See also
References
- ↑ Tapash Talukdar; Anirvan Ghosh (15 December 2009). "Recession a rude wake-up call for NRI-rich villages". The Economic Times. Retrieved 16 October 2010.
- ↑ T V R, Shenoy (13 February 2004). "Without regard for caste, creed or politics". Rediff News. Retrieved 19 October 2010.
- ↑ Mary, John. "All Morbid Mansions". Outlook India. Retrieved 19 October 2010.
