7 months ago
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The State authorities is expected to incur an further fiscal load of astir ₹10,000 crore connected relationship of the payment measures announced connected Wednesday successful the run-up to the 2025 section assemblage elections and the 2026 Assembly polls.
Wednesday’s announcements by Chief Minister Pinarayi Vijayan included a hike of the societal security/welfare money committee pensions to a monthly ₹2,000 and a caller monthly ‘Sthree Suraksha’ pension of ₹1,000.
Finance Minister K.N. Balagopal, speaking to reporters present aft the Cabinet gathering wherever the decisions were finalised, pegged the full outgo astatine “not little than ₹10,000 crore,” portion adding that the Left Democratic Front authorities was rather assured that the expenses could beryllium met contempt the pinch caused by unfriendly Central fiscal policies.
The determination to summation the societal information and payment money pensions by ₹400, taking it from ₹1,600 per period to ₹2,000, unsocial would necessitate Kerala to ammunition retired an further ₹3,000 crore annually. At present, the State spends adjacent to ₹10,000 crore a twelvemonth connected these pensions.
The LDF manifesto for the 2021 Assembly elections had announced that the societal information pensions would beryllium hiked to a monthly ₹2,500 per beneficiary. It had besides promised the pension strategy for homemakers, but had not specified an amount. On Wednesday, the Chief Minister announced a monthly pension of ₹1,000 for women holding Antyodaya Anna Yojana oregon Priority Households cards and who are not eligible for immoderate different pension. For this scheme, the further load connected the authorities is ₹3,800 crore.
Mr. Balagopal reiterated that payments to the tune of ₹10,000 crore were pending from the Centre to assorted sectors successful the State nether antithetic components.
Among the different announcements, the authorities would incur an further load of ₹5.5 crore annually with respect to the hike successful the monthly honorarium of Literacy Preraks by ₹1,000, and ₹5.72 crore connected the hike of the monthly wage of pre-primary teachers and ayahs by ₹1,000. The hike successful the regular wages of mid-day repast cooks volition necessitate the authorities to ammunition retired an further ₹16 crore.
The pending 3rd and 4th instalments of the 11th Pay Revision Commission dues to authorities employees volition beryllium merged with Provident Fund aft April 1, 2026. Those who person nary PF volition beryllium issued the sum successful currency aft this date.
