,_a_statutory_board_under_Finance_Department_of_Govt._of_Kerala,_India.png) | |
| Abbreviation | KIIFB |
|---|---|
| Formation | 1999 |
| Headquarters | Thiruvananthapuram, India |
Chairman | Pinarayi Vijayan (Chief Minister of Kerala) |
Vice Chairman | K. N. Balagopal (Finance Minister of Kerala) |
CEO | K.M. Abraham, Ex-officio Secretary, Finance (Infrastructure), Kerala |
Parent organization | Finance Department, Govt. of Kerala |
| Website | kiifb |
Kerala Infrastructure Investment Fund Board (KIIFB) was constituted by Government of Kerala as a Body Corporate financial institution in the Indian state of Kerala to mobilize funds for infrastructure development from outside the state revenue.[1][2] KIIFB is a statutory body constituted by the 'Kerala Infrastructure Investment Fund Act, 1999' (Act 4 of 2000).
The current mandate of KIIFB is to provide funding support to priority major projects at a total outlay of INR 50,000 Cr in five years starting from the financial year 2016-17. So far KIIFB has approved 821 projects for INR 60,102.51 Cr.[3] The projects cover all the vital sectors like Education, Health Care, Transport (roads, bridges, waterways and light metro rail), Electricity, Water Supply etc.[4][5]
- ^ Hindu: Big push for infrastructure in Budget
- ^ Indian Express: Kerala Budget: Infrastructure projects get a major fillip
- ^ The New Indian Express, Report dated 25th Nov, 2020
- ^ Financial express:Kerala to mobilise Rs 50,000 crore for infrastructure development
- ^ KIIFB: Projects page of official website