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KIIFB to go for more revenue-generating projects
February 08, 2025
|The New Indian Express Kochi
WITH the Union government bringing the loans availed by Kerala Infrastructure Investment Fund Board (KIIFB) under the state's borrowing limit, the Kerala budget for 2024-25 unveiled by Finance Minister K N Balagopal on Friday outlined plans for KIIFB to go for more revenue-generating projects.
"Though a portion of KIIFB's working capital is provided by the government as budget allocation, a major part is still raised as interest-bearing loan. In this context, the government will conduct studies and explore the possibilities of undertaking more revenue-generating projects, thereby transforming KIIFB into a revenue-generating entity," Balagopal said.
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