Updated:
June 04, 2021 11:40 IST
₹20,000 crore COVID-19 revival package and steps to expedite coastal highway project are some of the key highlights of the first Budget presented by Finance Minister K.N. Balagopal in the Assembly on Friday, June 4, 2021.
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Kerala Finance Minister K.N. Balagopal presenting the revised Budget for 2021-22 in the Legislative Assembly in Thiruvananthapuram on Friday, June 4, 2021.
| Photo Credit: Special Arrangement
₹20,000 crore COVID-19 revival package and steps to expedite coastal highway project are some of the key highlights of the first Budget presented by Finance Minister K.N. Balagopal in the Assembly on Friday, June 4, 2021.
Kerala Finance Minister K. N. Balagopal presented his maiden budget at the Legislative Assembly on Friday. The revised budget is for the 2021-22 financial year.
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.