3 months ago
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Kerala concern curate K N Balagopal connected Thursday presented a people-focused fund for 2026–27, announcing large allocations for societal security, worker payment and improvement projects, arsenic the authorities heads towards the upcoming Assembly elections.Presenting the sixth fund of the 2nd Pinarayi Vijayan-led authorities successful the Legislative Assembly, Balagopal announced a Rs 14,500 crore boost aimed astatine supporting societal information pensioners and backing caller assemblage programmes. “The fund aims to guarantee just wage and fiscal information for authorities employees portion continuing Kerala’s maturation trajectory,” helium said.
Pay Revision Commission to beryllium formed
A cardinal announcement successful the Kerala Budget 2026–27 was the enactment of the 12th Pay Revision Commission, continuing the state’s long-standing argumentation of revising authorities employees’ salaries each 5 years.
The committee is expected to taxable its study wrong 3 months to facilitate timely implementation.
DA and DR arrears to beryllium cleared
The fund confirmed that each pending Dearness Allowance (DA) and Dearness Relief (DR) arrears for authorities employees and pensioners volition beryllium cleared. One instalment volition beryllium paid on with the February salary, portion the remaining dues volition beryllium disbursed with the March salary. The House Building Advance for employees volition besides beryllium reinstated.
Assured Pension Scheme to Replace NPS
On pensions, Balagopal formally announced the Assured Pension Scheme, which volition regenerate the National Pension System (NPS) for eligible employees. Under the scheme, retirees volition person up to 50 per cent of their past drawn salary, including Dearness Relief.Employees presently nether the NPS volition beryllium fixed the enactment to power to the Assured Pension Scheme, with elaborate guidelines to beryllium issued by April 1.
Honorarium and wage hikes for workers
The fund projected increases successful honorarium and wages for respective categories of workers:
- ASHA and Anganwadi workers: Rs 1,000 monthly increase
- Anganwadi helpers: Rs 500 monthly increase
- Pre-primary teachers and literacy ngo motivators: Rs 1,000 monthly hike
- School cooking staff: Daily wages accrued by Rs 25
Welfare and societal information allocations
A large payment allocation of Rs 3,700 crore was announced for the Chief Minister’s Stree Suraksha Scheme.
The fund besides provided an further Rs 1,000 crore for the agrarian employment strategy compared to erstwhile years.Other cardinal announcements see beingness and wellness security schemes for each categories of people, including schoolhouse children, and escaped grade acquisition successful arts and subject colleges.In presumption of infrastructure and determination development, the fund earmarked Rs 100 crore for archetypal works related to the Regional Rapid Transit System (RRTS) from Thiruvananthapuram to Kasaragod, which received in-principle support from the authorities furniture connected Wednesday. Around Rs 150 crore has been allocated for coastal development, portion implicit Rs 250 crore has been acceptable speech for wood and wildlife protection.
