New Delhi (Agency): Pinarayi Vijayan, the Chief Minister of Kerala, brought to light some concerns regarding the state’s development in a recent Assembly meeting. He strongly believes that the central government, through specific policies, is hindering Kerala’s growth.
During his address in the Assembly, Chief Minister Vijayan focused on a particular point of contention: the way loans taken by the Kerala Infrastructure Investment Fund Board (KIIFB) are being treated. He pointed out that the Centre is choosing to see these loans as the state’s debt. This decision, he stated, is causing a decrease in the borrowing limits of Kerala’s government. To put it simply, because of the Centre’s perspective on these loans, Kerala might find it challenging to borrow more money for its projects in the future.
The subject of KIIFB and its role in funding was brought up during a question in the Assembly. Vijayan took this opportunity to elaborate on the numerous projects sponsored by KIIFB. He shed light on a wide range of projects that span various domains, from infrastructure and roads to fisheries, education, and the development of coastal areas. The KIIFB’s extensive role in financially supporting these projects showcases its importance in Kerala’s developmental journey.
However, Vijayan did not limit his address to just the concerns. He also reassured the members of the Assembly about the state’s commitment to its developmental goals. The Chief Minister was adamant when he said that the state government would continue to pursue and execute the projects it aims to complete. This commitment holds true even if they have to face “hurdles” placed by the Centre.
Vijayan further drew a comparison to highlight his point. He mentioned the National Highways Authority of India (NHAI). This central body undertakes significant borrowings for its projects. But, interestingly, these borrowings are not counted as part of the Centre’s debt. On the other hand, when KIIFB borrows for Kerala’s projects, it’s added to the state’s debt. This inconsistency, Vijayan emphasized, is not fair.
