Pinarayi Vijayan
Pinarayi Vijayan

Central package lacks public healthcare initiatives: Kerala CM

Agency News

Thiruvananthapuram, May 19: Kerala Chief Minister Pinarayi Vijayan on Monday alleged that the five-phased financial package announcements by the Union Finance Minister had nothing for the public healthcare sector. "During this Covid situation, a substantial public healthcare package was required," the Chief Minister said at a press conference on Monday.

"Many international agencies have pointed out that the package will cost an additional Rs.1.5 lakh crore from the central budget this year. Even if we add free ration and direct cash transfer to ordinary people, it would not have been 5% of the total package," he said. "The bulk of the Rs 20 lakh crores is the amount available to the banks as part of the RBI's monetary policy and the amount that these banks are expected to pay to farmers and small businesses. The reality is that banks are wary of giving loans during today's financial uncertainty." (UNI)