Kerala’s financial institutions to be reorganised
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Council of State Financial Institutions to be set up with Chief Minister as chairperson
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Council of State Financial Institutions to be set up with Chief Minister as chairperson A Council of State Financial Institutions will be set up with the Chief Minister as the chairperson. The council will define the purpose of the loans for entrepreneurship development and will be responsible for the review of their progress, Finance Minister T.M. Thomas Isaac said in the Budget 2021-2022.
Reorganisation of financial institutions like Power Finance Corporation, Kerala Transport Development Finance Corporation, Tourism Finance Corporation, Kerala Urban and Rural Finance Development Corporation and other corporations like Women’s Development Corporation will also be undertaken through an expert committee.