Kerala State Budget 2018 presented; heres highlights
After union budget 2018, state budget of Kerala was presented by Finance Minister Thomas Isaac.
In so far as the budget highlights are concerned, Rs 2000 crore was earmarked for coastal area development and promises to offer comprehensive health insurance to all in the state.
Similarly, government departments have been asked to hire new cars instead of going in for new purchases.
A massive Rs 28 crore have been allocated for Sabarimala master plan with another Rs 10 crore allocated for AKG memorial at Peralassery in Kannur.
The Kerala Minister promised to take steps to revive Kerala State Road Transport Corporation and Rs 3500 crore immediate loan would be sanctioned for this purpose.
A corpus of Rs 1,459 crore allocated for building and repairing roads and bridges and a mobility hub similar to Vytilla in Kozhikode will come up soon.
Industry also remains priority for the state as Rs 132 crore has been set aside for Kerala State Industrial Development Corporation with Rs 240 crore for various parks under KSIDC and KINFRA.
The state government plans on promoting the project to ensure that laptop and servers to be manufactured under a Joint Venture of Intel and Keltron.