Kerala budget 2022: HighlightsMarch 14, 2022 2022-03-14 12:32
Kerala budget 2022: Highlights
Kerala budget 2022: Highlights
Finance Minister K.N. Balagopal has presented the Kerala budget for the financial year 2022- 23 in the Assembly on 11th February 2022. The Highlights of the Budget 2022- 23 are:
- To check price rise and ensure food safety, the Budget has been earmarked at ₹2000 crore.
- From KIIFB, an Outlay of ₹200 crores was announced for Universities.
- Industrial facilitation parks to be set up with a corpus fund of ₹200 crores from KIIFB.
- ₹2 crores have been allotted for organising various programmes to ensure global peace.
- There is a proposal for encouraging startups in Universities. Incubation centres would be set up in universities.
- ₹26 crores announced for digital university.
- ₹100 crores have been allocated for the medical innovation lab.
- ₹15 crores are set aside for graphene research;
- ₹5 crores for establishing a centre of excellence in microbiology research. ₹50 crores announced for Institute of Virology. ₹50 crores for the Institute of Advanced Virology, Thiruvananthapuram to develop monoclonal antibodies and other anti-viral products.
- Chief minister’s Nava Kerala fellowships will be provided for 150 persons.
- The budget announces a new IT Park at Kannur and Kollam. Four IT corridors would be set up parallel to NH 66. ₹100 crores have been earmarked for IT infrastructure development. ₹1000 crore to acquire land for developing IT parks.
- Steps would be taken to launch the 5G service in Kerala.
- Four science parks are to be established at a cost of ₹1000 crore. ₹4 crores were allocated for the Global science festival to be held in Thiruvananthapuram.
- For a pilot project to develop ethanol from cassava, ₹2 crores is allotted.
- Seven Agri-Tech facilitation centres to be established across Kerala at a cost of ₹175 crore
- The budget is proposing the setting up of an agriculture marketing company in PPP. ₹20 crores earmarked for forming the company.
- ₹20 crores is announced for cleaning Ashtamudi lake.
- The budget announces that 50% of ferry boats in the State will be solar-powered under a project to cut carbon emissions and minimise the impact of global warming and climate change. ₹15,000 subsidy for converting fossil fuel-powered autos to electric.
- ₹260 crores for various activities of Kudumbashree.
- 212 crore man-days of work to be created under MGNREGA this year.
- for setting up cold chain centres in the fisheries sector, ₹10 crores are allotted
- ₹140 crores are allocated for the second Kuttanad package
- ₹30 crores are announced for the Sabarimala master plan.
- Solar pushcarts to be distributed to vendors.
- ₹23 crores announced for the manufacture of byproducts from effluents at the Travancore Titanium Products factory in Thiruvananthapuram.
- The finance minister announced ₹16 crores to set up Wi-Fi hotspots.
- ₹15 crores have been announced for holding Champions Boat League.
- The budget announces ₹5 crores for developing Caravan tourism; ₹1000 crore loan scheme has been set aside for tourism development.
- The budget proposes to introduce mobile ration shops.
- ₹147.5 crores earmarked for the welfare of Pravasi.
- ₹10 crores earmarked for ensuring the re-admission of medical students evacuated from Ukraine.
- `₹4600 has been allocated for the gender budget package.
- The finance minister announced the revision of the land tax. A new slab is to be introduced for There is a 10% hike in the fair value fixed for the land by the government.
- A 1% increase in motor vehicle tax.
- A 50% increase in green tax fixed for the old vehicles.