pennews
www.pennews.net
Budget focus on rebuilding flood-hit Kerala; ₹1.45L Cr allocated for 25 projects
Kerala

Budget focus on rebuilding flood-hit Kerala; ₹1.45L Cr allocated for 25 projects

Pennews

Hit hard by the August 2018 flood, Kerala’s efforts for rebuilding will have 25 projects, according to Finance Minister Thomas Isaac.

In his interim budget presented on Thursday, he said an amount of Rs 1.45 lakh crore has been set aside for these projects. For public works, local self-government bodies would be given Rs 1,000 crore and and Rs 250 crore would be allocated for flood-affected villages.

The State's rice bowl Kuttanad which suffered during the flood would have a new Rs 1,000-crore project to tide over the crisis and prepare to overcome such a situation, he said. He admitted that the flood resulted in poor fiscal condition and the State’s growth was expected to be the lowest in three decades.

He said Rs 3,229 crore had been got under CMDRF. So far, the Central government flood relief aid was only Rs 3,000 crore. The Centre had also denied the State getting help from other countries and permission to take loans from other countries.