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Centre sanctions Rs 21,253 crore to tackle Kerala’s economic crisis

by Blitz India Media
May 27, 2024
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Team Blitz India

NEW DELHI: Prime Minister Narendra Modi has come forward to assist Kerala in a bid to alleviate the state from the economic crisis as the Centre has sanctioned borrowings up to Rs 21,253 crores.

Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar took to social media platform X to announce financial support from the Centre to Kerala.

In a post on X on Saturday, Chandrasekhar mentioned, “PM @narendramodiji’s govt steps up to assist Kerala’s economic crisis Government of Indiasanctions borrowings up to Rs 21,253 crores till December 2024…..”

The move comes as Kerala grapples with various economic challenges including salary delays for government employees and stalled development projects.In his post, Chandrasekhar revealed that the Government of India has sanctioned borrowings of up to Rs 21,253 crores for Kerala until December 2024.

This substantial financial aid aims to address the state’s pressing economic needs and facilitate the execution of critical projects for the welfare of its citizens.

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