The Kerala government is likely to form a panel to conduct a study on the Kerala Infrastructure Investment Fund Board

The Kerala government is likely to form a committee to conduct a detailed study on the Kerala Infrastructure Investment Fund Board (KIIFB), a special vehicle that was actively used by the previous Left Democratic Front (LDF) government to finance infrastructure projects.

Speaking at a press conference in Thiruvananthapuram on Friday (May 29, 2026), Chief Minister VD Satheesan said his government was actively considering such a proposal. “We are looking into KIIFB. We are also considering forming a committee for further studies on it,” he said.

In line with this action plan, the KIIFB board meeting held on Friday decided to keep the agenda quiet so that the government can decide on its policy with regard to the institution, said Mr. Satheesan, who chairs the institution in his capacity as Chief Minister.

Mr Satheesan’s remarks came ahead of the United Democratic Front (UDF) government’s proposed White Paper on the state’s fiscal situation, which is expected to be released in the first week of June. While preparing the document, the authorities are expected to take a detailed look at the KIIFB and its financial implications on the state finances as a whole.

When they were in opposition, the UDF and Mr. Satheesan vehemently opposed the LDF government’s policies on KIIFB and the off-budget loans made through it.

On the upcoming first budget of the UDF government, Mr. Satheesan hinted that an announcement in line with government policy can be expected in the governor’s address to the assembly. When asked whether people can expect “miracles” in the budget, he replied in the affirmative.

KM Abraham, the long-time CEO of KIIFB, resigned soon after the LDF election debacle in 2026. The financial volume of projects approved under KIIFB was ₹1.10 crore, KN Balagopal, the finance minister in the previous LDF government, said in February 2026.

Published – 29 May 2026 23:37 IST