Chief Minister Pinarayi Vijayan on Thursday sought NITI Aayog Vice Chairman Suman Bery’s intervention in resolving the problems faced by Kerala on account of the Central government’s stands on the State’s borrowing limit and the Central share in schemes.
Mr. Bery, who is on a visit to Thiruvananthapuram, held discussions with Mr. Vijayan, Finance Minister K N. Balagopal and senior government officials.
With sustainable development in mind, the State has been realising major infrastructure projects through the Kerala Infrastructure Investment Fund Board (KIIFB) since 2016. This has, however, led to the Centre imposing curbs on the state’s borrowing limit. The State is also facing problems in securing its eligible Central share. These issues have resulted in a financial crunch for Kerala, Mr. Vijayan said.
