WhatsApp Image 2023-02-26 at 9.49.20 AM (1)
WhatsApp Image 2023-02-26 at 9.49.20 AM

Kerala budget ensures food security

Kochi: Amidst huge financial crunch, unemployment, fiscal deficit, poor economic, 
Finance Minister K N Balagopal today presented the budget for 2022-23.

The allocations include Rs 2,000 crore to check price rise, Rs 2,000 crore for semi high-speed rail project, Rs 1,788 crore for transport sector and Rs 1,500 crore for Thiruvananthapuram-Angamali MC road and for road from Kollam to Shenkottai.

The industries sector gets Rs 1,226 crore,
development of Thiruvananthapuram Outer Ring Road Rs 1,000 crore from KIIFB and Rs 1,000 crore to acquire land for developing IT parks.

A total of Rs 1,000 crore loan scheme for tourism development, four science parks worth Rs 1,000 crore, Rs 851 crore for the agriculture sector are the other important features.

A total of Rs 500 crore has been allocated as
rubber subsidy, Rs 200 crore from KIIFB for projects of universities, Rs 200 crore from KIIFB for industrial facilitation parks,
Rs 350 crore for skill parks in all districts and Rs 127 crore outlay for Kerala State IT Mission. 

The budget earmarks Rs 201 crore for Kerala State Information Technology Infrastructure Ltd (KSITL), Rs 200 crore for developing 20 traffic junctions in the State and Rs 150 crore announced for Kochi water metro project.

A total of Rs 175 crore for seven Agri-Tech facilitation centres across Kerala and Rs100 crore announced for medical innovation lab.

Other allocations are Rs 90 crore for Startup Mission, Rs 28 crore for electronic hub, Rs 26 crore for digital university, Rs 15 crore for graphene research and Rs 15 crore for establishing centre of excellence in microbiology research.

A new IT Park at Kannur, four IT corridors parallel to NH 66, 5 lakhs sq ft IT park in Kollam, Rs 100 crore has been earmarked for IT infrastructure development, Rs 20 crore agriculture marketing company similar to CIAL model (PPP).

Rubbering roads would get Rs 50 crore, cleansing of Ashtamudi lake as Rs 20 crore, 
Paddy support schemes worth Rs 76 crore, coconut promotion for Rs 73 crore and micro-irrigation projects worth Rs 100 crore.

Other crops would be allowed in plantations. Minimum support price of paddy hiked to Rs 28.20 per kg, Augmentation of Kudumbashree activities gets Rs 260 crore, Kerala Institute of Local Administration to get Rs 33 crore and12 crore man-days work to be created under MGNREGA this year.
Kuttanad package would get Rs 140 crore, 
Sabarimala masterplan Rs 30 crore, Kerala State Industrial Development Corporation Rs 113 crore, coir sector Rs 117 crore and Rs 16 crore for the Khadi sector.

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