THIRUVANANTHAPURAM: Seeking to accelerate the state’s transition to a knowledge economy, Kerala’s budget for 2022-23 has focused on many futuristic initiatives in the higher education sector, with particular emphasis on development skills and entrepreneurship.
A sum of Rs 200 crore has been set aside to develop translational research centers, start-ups and incubation centers in universities. The amount will be distributed equally among 10 state universities by the Kerala Infrastructure Investment Fund Board (KIIFB).
Skills development initiatives in the state are set to receive a major boost with an allocation of Rs 350 crore for setting up skills parks in all districts. The project will be implemented under the aegis of the Knowledge Economy Mission with funds from KIIFB.
The budget offers skills courses in colleges of arts and sciences, vocational colleges, polytechnic colleges and ITIs with a KIIFB allocation of Rs 140 crore. The project will be implemented in one institution in each assembly district. This will eventually lead to the establishment of production centers as well as educational institutions, the finance minister said.
The budget set aside Rs 100 crore for the construction of 1,500 new hostel rooms at the campuses of the universities of Kerala, MG, Cusat, Calicut and Kannur. Another 250 international hostel rooms have also been offered. The budget also allocated Rs 20 crore to launch new short-term courses and project mode PG courses on university campuses.
Total expenditure Rs 698.3 cr
Higher education Rs 452.67 cr
Technical education Rs 245.63 cr
Rs 350 cr for the establishment of skills parks in all neighborhoods
250 international hostel rooms on offer
Rs 100 cr for the construction of 1,500 new hostel rooms on the campuses of the universities of Kerala, MG, Cusat, Calicut and Kannur
Rs 20 crore to start new short term courses and PG courses
Rs 200 cr for the development of translational research centers, start-ups and incubation centers in universities