Kerala Needs Rs 30,000 Crore For Rehabilitation, Says Its FMKerala Finance Minister Dr T M Thomas Isaac

The Kerala government will require Rs 30,000 crore for rehabilitation and reconstruction, besides compensation for various damages caused by the recent floods and torrential rains in the state.

Malayalam daily Madhyamam quoted State Finance Minister Thomas Isaac as saying that Kerala would required Rs 20,000 crore for capital expenditure and the rest for revenue expenses.

The money, to be spent under the capital expenditure head, would relate to rebuilding of roads, bridges and buildings. Revenue expenditure will go towards compensating farmers for loss of crops, damage to houses and a flood relief of Rs 10,000 to each affected family.

Kerala expects to get a funding of Rs 6,000 crore through public contributions, while the Centre will likely chip in with Rs 4,000 crore through central schemes such as Mahatma Gandhi National Rural Employment Guarantee Scheme and National Rural Livelihood Programme. The rest will have to be borrowed and Kerala will put pressure on the Centre, Isaac said.

Kerala witnessed unprecedented rains and floods during July-August resulting in at least 10 of the 14 districts being affected in the state. The authorities released water from 80 dams resulting in severe floods and damage to homes, buildings and roads. Over 370 people lost their lives, while over three lakh homes were affected. Over 10,000 km of roads were also damaged in the floods, the worst since 1924.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement