The State government has earmarked ₹1,698.30 crore for the State’s agriculture sector in 2024-25, with plans to launch the World Bank-aided Kerala Climate Resilient Agri Value Chain Modernisation Project (KERA) during the fiscal.
KERA is designed to enhance climate-compatible, “resilient commercialisation” in the sector for smallholder farmers, agri-based MSME, farmer producer organisations, and start-ups to spur local economic development. A total of ₹2,365 crore will be spent on KERA over the next five years. The Budget has earmarked ₹100 crore, which includes the State share, for 2024-25.
Once the Vizhinjam seaport is commissioned, the government hopes to use its potential to improve agri exports. “This opportunity will be utilised to overcome the problems in the agriculture sector. Supply chains of agricultural products will be planned using the KERA project, to be implemented with the support of the World Bank,” Finance Minister K.N. Balagopal said.
