ACUITE

KIIFB allotted funds for Cochin Cancer Research Centre for medical equipment for the ensuring full fledge operations .The fund will be released in three instalments.

KIIFB allotted Rs 204 crore

The KIIFB has greenlit projects amounting to Rs. 860 billion aimed at enhancing the state's infrastructure . This extensive funding will cover a variety of essential projects including the construction and upgradation of roads, bridges, water supply system , and educational institutions . The state govt underscores that these projects are pivotal for stimulating economic activities and generating employment opportunities . KIIFB initiative is expected to significantly contribute to the state’s growth by providing modern amenities and improving the standard of living for its residents.

KIIFB Approves Rs.860 Bn for Development Projects in Kerala

The pilot centres of work near home project of Kerala Govt will be opened at Kottarakkara and Perinthalmanna municipalities .Kerala Development and Innovation Strategic Council has proposed that the functioning of pilot centres can be incorporated into the business model of the Work near home centre project. As per the revised proposal to ensure the financial viability of the project, an Operating partner initiated model will be executed for the project. Accordingly the empaneled operating partners will receive 80% of the project cost as interest free loan support from KIIFB with one year moratorium and a repayment period of 0 years for establishing WNH centres anywhere in Kerala and the remaining 20% of the project cost will be borne by the operating partner setting the CapEx ratio as 80:20.

Work Near Home centres at Kottarakkara and Perinthalmanna, KIIFB interest-free loan for 80% project cost

Kerala’s small secondary sector improved ease of doing business by 2024. Revenue rose 0.2% in FY25 due to a 44% drop in central grants; spending grew 7.2%, pushing the deficit to 2.3% of GSDP. Low central tax share (1.925%) and high committed costs persist. 16th Finance Commission results are key.


Kerala’s debt/GSDP ~43% in FY25, relying on RBI overdrafts. Off-budget borrowing cuts fiscal space by ₹3-4K crore annually till FY26. KIIFB’s ₹10,000 crore borrowing approved for FY25-26; FY25 borrowings lower due to delays. Liquidity closely watched.


The issuer has made timely interest payments.

DR. K.M. Abraham CFS ,IAS (Retd),  CEO

KIIFB receives daily MVT and cess transfers from the state, now fixed at 50% of MVT. Shortfalls are covered under statutory obligation. Transfers were ₹3,230 crore in FY24, ₹3,695 crore in FY25, with ~₹3,625 crore expected in FY26.


KIIFB’s expert-led commission ensures strong financial control. As of Mar 2025, liquidity stood at ₹7,906 crore (incl. ₹3,892 crore corpus). A six-month buffer safeguards against administrative delays.


KIIFB plays a key role in Kerala’s shift toward physical infrastructure, acting as an off-balance sheet financing arm with ring-fenced revenue. Revived in 2016, it is led by state leadership. As of March 31, 2025, projects worth ₹88,070 crore were approved, with ₹34,823 crore disbursed.



Kerala leads in human development due to sustained social sector investment—the highest among peers. The state has high literacy, life expectancy, and per capita income, offering flexibility to reprioritize spending and create fiscal space.


Rating agency	Rating	Needle position
ACUITE	AA (CE) / Stable	near High Safety
IND	AA (CE) / Stable	near High Safety

Security Name: 8.95% Kerala Infrastructure Investment Fund Board 20 Dec 2030

ISIN: INE658F08102

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