Question

What is the primary objective of KIIFB, especially after its restructuring in 2016?

• A. To manage the day-to-day financial transactions of the Kerala state government.
• B. To solely fund small-scale rural development initiatives and local self-government projects.
• C. To provide direct financial aid and subsidies to individual citizens and businesses in Kerala.
• D. To mobilize funds for critical and large public infrastructure projects in Kerala, outside the state's revenue budget.

Answer 1

Answer:

D. To mobilize funds for critical and large public infrastructure projects in Kerala, outside the state's revenue budget.

• KIIFB was restructured as a Special Purpose Vehicle (SPV) to mobilize resources for critical and large public infrastructure projects (both physical and social) in the state, moving beyond the traditional budgetary constraints.