Over half a lakh crore of rupees is due under different department heads under the Kerala government
the Uralungal Labour Contract Cooperative Society has assets worth over Rs 4,000 crore and it is reportedly the largest labour contract society in Asia.
Opposition leader Satheesan expressed concern over state's deteriorating financial situation ahead of Puthuppally bypoll.
Both political camps under fire from people’s action council
The decision was taken at an executive meeting of the KIIFB, presided by Kerala Chief Minister Pinarayi Vijayan.
According to Kerala, it would be able to avail an additional Rs 2,000 crore as loan during the current financial year if the Centre approves this request.
On Friday, Kerala's Finance Minister KN Balagopal will present his third budget.
This is because the Central Government has considered the KIIFB loans as part of borrowings availed by the State Government and capped the loan ceiling of the state accordingly.
Last fiscal, the state's own revenue had increased by Rs 17,000 crore.
Kerala Chief Minister Pinarayi Vijayan had inaugurated the school building via online on February 11, 2021, in the presence of two ministers.