Kerala floods: Rs 738 crore aid received till August 28 in CM’s distress fund
Experts have said it will take at least a decade for Kerala to recover from the massive devastation caused by the floods from the onset of the monsoon.india Updated: Aug 30, 2018 11:11 IST
Kerala’s chief minister Pinarayi Vijayan said on Thursday Rs 738 crore has been received in the CM’s distress relief fund till August 28 as the focus shifted on the reconstruction of destroyed infrastructure and rehabilitation of people rendered homeless in the flood-ravaged state.
“We should discuss and decide whether rehabilitation should be done in the areas which are prone to landslide and floods,” Vijayan was quoted as saying by news agency ANI.
Experts have said it will take at least a decade for the state to recover from the massive devastation caused by the floods from the onset of the monsoon.
The state government has estimated a loss of Rs 20,000 crore due to the flood, but Vijayan has said it would need much more. The flood in the state, the worst in a century, claimed over 320 lives since August 8 besides causing widespread destruction.
Vijayan held discussions with officials of the World Bank on Wednesday to mobilise resources and said their help was necessary to rebuild the state. He said roads and bridges have been destroyed and small traders and businessman were facing a grave crisis and the present bank schemes were not enough to help as he sought aid from the World Bank.
The state has also asked the Centre, which has allotted Rs 600 crore for flood-relief activities, to enhance the borrowing limit from 3% State Gross Domestic Product (SGDP) to 4.5% and sought permission to impose a cess of 10% on state GST.
Union minister of state for finance Pon Radhakrishnan said on Wednesday the Centre would consider all demands, including increasing the borrowing limit of the state, to raise funds for rehabilitation of flood victims and rebuilding the state.
Radhakrishnan said the state had informed the Centre that a fresh memorandum on the loss and damage caused due to the flood was under preparation and that more assistance would be provided after it is submitted.
A central team would again visit Kerala to assess the damage caused and a decision on the assistance would be made after its, Radhakrishnan said.
First Published: Aug 30, 2018 11:11 IST