Kerala State Cabinet approved Kerala Pravasi Welfare Act

Last Updated: January 4, 2019

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Kerala State Cabinet approved Kerala Pravasi Welfare Act
04 January 2019 Current Affairs:

The Kerala State Cabinet decided to recommend the Governor to promulgate an Ordinance amending the Kerala Pravasi Welfare Act. The Act aims at providing a regular income for Non-Resident Keralites (NoRKs) returning home.
The amount collected through the scheme will be used to fund development activities taken up by Kerala Infrastructure Investment Fund Board (KIIFB) and other agencies. The Cabinet resolved to enhance the monthly remuneration for special Government pleaders to Rs.1,20,000, senior government pleaders to Rs.1,10,000 and that for government pleaders to Rs.1,00,000.
The proposed scheme will enable the Kerala Pravasi Welfare Board to receive deposits from non-resident Malayalis and use it, along with a matching share from the government, to provide a monthly dividend for investors.

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