The Budget allocates ₹1,000 crore for acquiring
land for the development of various IT parks.
₹1,000 crore is earmarked for setting up four
science parks in the State.
Four new IT corridor will come up parallel to
NH66 and new IT parks in Kannur and Kollam.
₹100 crore is budgeted for basic infrastructure
development in the IT sector.
₹200 crore allocated for Kochi-Bengaluru
industrial corridor project.
The proposed outer ring road project in
Thiruvananthapuram to receive ₹1,000 crore for
Silverline semi high-speed rail project to get
₹1207.23 crore for the development of roads and
Housing under Life Mission to get ₹1771 crore.
₹1600 crore for various works under Rebuild
₹100 crore for basic infrastructure projects in
₹200 crore each will be allocated to tackle
traffic blocks in the 20 busiest junctions and
construction of six bypass roads.
₹239 crore earmarked for the second phase
development works of Kochi Metro.
Allocation of ₹9.65 crore made for developing
the Malabar International Port that is bound to
benefit north Kerala and south Karnataka.
Pre-production centre for graphene-based
materials to be established in Ottapalam.
₹500 crore will
be set apart for rubber subsidy.
will be set up in all districts at a cost of
₹30 crore allocated
for Cooperative Initiatives in Technology-driven
Resilient Agri Value Chain Modernization Project
to be launched.
₹18.92 crore is set
apart for the expansion of area under
₹1.5 crore earmarked for a pilot project to
launch stem cell therapy in Government Medical
Karunya Arogya Suraksha Padhathi, the State’s
health insurance plan, gets an allocation of
A remittance account will be opened to accept
voluntary contributions by those availing
treatment facilities in government hospitals.
₹29 crore is earmarked for a new scheme to
install surgical robot at Thiruvananthapuram
Special cell in Norka department to assist
students who returned from war-torn Ukraine.
Milk and egg to be provided to children twice a
week in Anganwadis.
Five-year plan for waste management in the
₹200 crore earmarked through the Kerala
Infrastructure Investment Fund Board
(KIIFB) to provide assistance of ₹20 crore
each to 10 universities.
₹100 crore allocated for the development
of 1,750 hostel rooms adjacent to
crore will be provided to the universities
to start new courses.
₹350 crore for setting up skill parks in
all districts, start-ups in universities
and support to the varsities to start new
Govt engineering colleges to have
interdisciplinary research centres
allocated for ASAP Kerala offering skill
Excellence in Microbiomes, Centre of
Excellence in Nutraceuticals and Medical
Technology Consortium to be set up.
conclave to be held in association with
IBM in July 2024 as part of efforts to
make Kerala a hub of Artificial
Intelligence. The General Education
Department will impart training in AI.
conference involving research
institutions and robotics companies has
also been planned in August 2024 to
explore the possibilities in the field
One instalment of DA for government
employees and pensioners to be disbursed
₹12,903 crore for Local
Judicial city to be set up in Ernakulam.
Insurance scheme to be introduced for
Safari parks to
boost tourism prospects in North Kerala
An allocation of
₹27 crore for Sabarimala master plan.
KSRTC gets an allocation of ₹128.54
No hike in social security pensions.
• Tax and registration fees to
be reduced for All India tourist buses registering
in the State by 25 to 33.3 per cent.
• Fair value of land and land
tax will be revised.
• Stamp duty for land, building
lease agreements to be increased.
• Government to offer yet
another amnesty scheme to traders
• Gallonage fee on Indian
Made Foreign Liquor set at ₹10 a litre.
• Electricity duty of 1.2 paise
per unit for consumers who generate and consume
energy for their own consumption raised to 15
paise per unit.
• Electricity duty on sale of
electricity enhanced from 6 paise per unit to 10
paise per unit.
• Court fee on cases relating to
dishonouring of cheques hiked from ₹10 to ₹250. In
cases involving more than ₹10000, it will be five
per cent of the amount. Rate for appeals and
revision petitions, property related matters in
family courts also raised.
• A filing fee of 0.1% of the
loan amount subject to a maximum of ₹10,000 will
be charged from financial institutions for
compulsory online filing of agreements relating to
the Deposit of Title Deeds in Sub-Registrar's
• Stamp duty slabs for lease
deeds will also be revised.
• Registration fee concession
for agricultural, educational and other loans from
commercial banks will be extended to release deeds
• ₹200 crore will be generated
annually through fee charged for electronically
recording mortgages in the ReLIS portal of the
Land Revenue Department.
• An Amnesty scheme will be
brought in to realise lease rent on government
land from individuals and institutions.
• Extraction of river sand from
Bharatapuzha, Chaliyar and Kadalundi rivers will
be resumed to fetch ₹200 crores