05 November Tuesday

Rs 2000 cr To Curb Inflation; Kerala Model Designed To Counter Centre-Policy; Read Budget Highlights Here

Web Desk(TVM)Updated: Friday Mar 11, 2022


Thiruvananthapuram : Kerala has started to recoup from depthd of crisis; Rs 2000 crores has been set aside to curb inflation and toward food safety, said Finance Minister KN Balagopal Friday morning, presenting State Budget for 2022 – 23 in the Assembly. The Kerala model aims to counter the Centre’s detrimental policies, said FM reading  from a tab, the state’s full-fledged  Budget, that came wholly  paperless this time. Speaker MB Rajesh congratulated the tab-oriented  Budget delivery.

Kerala accomplishments in recent years earned wide appreciation at national and international level. Kerala is country’s  chart-topper for good governance.  State recorded a 14.5 growth in GST revenue in during this  fiscal year. World peace is faced with an extreme form of challenge. Rs 2 crores shall be set aside toward global peace Conferences  shall be convened towards world peace.

Comprehensive innovations shall be effected in the realm of  higher education. Rs 200 crores shall be set aside for various universities. To be constructed are : 1500 new hostel rooms and 250  foreign student accommodations.  150 students to be awarded Nava Kerala fellowships.

Major Announcements
●  For District Skill Parks Rs 350 cr
●  Setting up of  Micro Biology Centre of Excellence
●  5G mobile system to be expedited
●  For upscaling higher studies system Rs 200 cr
●  New IT Park in kannur
●  Technopark in Kollam
●  4 IT Corridors
●  Rs 200 cores for universities
●  Internship with govt aid into IT companies
●  Rs 1000 for land acquisition for IT Parks
●  Rs 1000 crore for setting up of 4 Science Parks
●  Rs  4 crores for International Science Festival in Thiruvananthapuram
●  Project to derive ethenol from tapioca
●  Rs 500 crores for rubber subsidy
●  Agri marketing company patterned after SIAL model
●  Half of all ferry boats shall become solar-powered
●  Kerala shall be rendered carbon-free by 2050
●  Rs 851 allocation for agricultural sector
●  Support price for paddy Rs 75 cr
●  Self-help agriculture groups Rs 19 crores
●  Flood disaster relief Rs 140 cr; Rs 51 cr to prevent crop damage
●  Rs  10 crores to develop multi-storied industrial  estate
●  Increased Budget allocation for industrial sector Rs. 1226.66 cr
●  Rs 117 crores for coir sector
●  Rs 30 cr for cashew sector
●  Rs 28 core for Electronic Hardware hub
●  Rs 10 cr for Eco-tourism project
●  Rs 7 crore for One-Family-One-Enterprise scheme
●  Incentive for setting up solar system in households
●  Rs 140 crore for  Handloom  School Uniform scheme
●  Rs 555 crores for setting up of 20 small IT parks
●  Rs 3.5 crores for e-Gvoernance centres; Rs 53 corres for datat centres
●  Rs 415 cr for ports of Azhikal, Kollam and Bepur.
●  Rs 10 crore for Vizhinjam cargo port and Thankassery port
●  Rs 2.5 cr to upgrade Alappuzha port into tourist destination
●  Rs 15 cr for expansion of Bepur port
●  Rs 2629 cor for health sector, Karunya scheme Rs 500 cr; Palliative care Rs 5 corre
●  Rebuild Kerala project Rs 1600 cr ;  Five-year-plan for waste management
●  Rs 12,903 for local self-govt bodies
●  Rs 100 cr for eradication of poverty
●  Building construction to commence this year for Sree Narayana Guru Open University
●  Rs 2 cr for Latin American Study Centres
●  Rs 5 crore for green campuses
●  Allocations made for construction of Malayalam University campuses
●  Setting up of new laboratory at Thonnakkal; Vaccine Research Centre – Rs 50 crores
●  Rs 81 co for Thiruvananthapuram RCC that will become upgraded to State Cancer Centre
●  Rs 14.5 cr for Kochi Cancer Centre; Rs 427 for Malabar Cancer Centre phase II upgradation


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