Kerala Revised Budget 2026-27: Key Highlights
The Kerala government, led by Chief Minister V.D. Satheesan, has presented the Revised Budget for 2026-27. The budget aims to lay the foundation for a ‘Puthuyuga Kerala’ (New-age Kerala) and addresses various challenges, including fiscal health, welfare, and growth.
Key Announcements
- Oommen Chandy Health Insurance Scheme: A health insurance scheme with a preliminary allocation of Rs. 10 crore, offering support worth Rs. 25 lakh to each family.
- Kerala School of Planning, Architecture and Design: A new institute to be established under PPP mode, offering UG and PG courses in architecture and design, and PG course in urban planning.
- JC Daniel Film City, MT Cultural Park, and Johnson Music Academy: New initiatives announced, including a film city in Kochi, a cultural park in Kozhikode, and a music academy in Thrissur.
- Urban Growth Mission: A mission to be implemented, with Rs 100 crore earmarked for urban development.
- Battery Energy Storage Systems: Community-based battery energy storage systems to be established in all panchayats.
- Kerala Knowledge Valley Project: A project to bring together high-ranking global and national institutions, and legacy universities, with a significant allocation of Rs. 100 crore.
- Global Job Watch Tower: A future skills and employment intelligence mission to monitor future job opportunities, emerging skills, and recommend curricula revisions.
- Boost to Space Economy: Rs 5 crore allocated to boost the space economy, with the expansion of the SpacePark project.
- One Kerala Karuthal Mission: A mission to support people facing extreme poverty and unable to meet expenses for serious diseases and children’s education.
- Invest Kerala Cell and MSME Growth Scheme: A data-based, single-window Invest Kerala cell to be formed, and a growth scheme announced for MSMEs, with Rs 100 crore allocated.
Budget Focus Areas
- Fiscal health and welfare
- Growth and development
- Education and employment
- Healthcare and social welfare
- Infrastructure development
The Revised Budget 2026-27 is expected to pave the way for a ‘Puthuyuga Kerala’ and address the various challenges facing the state.
