Keral Budget 2021; Second Covid package of Rs20,000

Finance Minister K N Balagopal announced a second covid package of Rs 20,000 crore in the budget to meet the challenge created by Covid.

The package will provide Rs 2800 crore for tackling health emergency, Rs 8900 crore for direct cash for those in crisis and Rs 8300 crore for various loans, interest and subsidy for financial revival.

New loan plans

2000 crore loan to agriculture

2000 crore has been earmarked for primary co-operatives

Loans will be provided through primary co-operatives at an interest rate of 4 per cent

Up to Rs 5 lakh will be paid at 4 per cent interest

1000 crore loan for Kudumbashree ayalkootam groups

Rs 100 crore as covid package for Kudumbashree

1500 crore project for coastal protection

5300 crore for sea wall construction

Rubber subsidy dues will be paid. 50 crore has been earmarked for this purpose

Coastal Highway will be completed on time

Factory to be set up for milk powder production

Five more Agro Parks will be set up

2 crore for plantation sector

Initially the agricultural service network in two districts

10 crore for Kudumbashree to bring farmers to the next stage

Kudumbashree will start 10,000  ayalkootam units to increase the representation of young women

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