{"id":187483,"date":"2025-10-03T13:49:13","date_gmt":"2025-10-03T13:49:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/187483\/"},"modified":"2025-10-03T13:49:13","modified_gmt":"2025-10-03T13:49:13","slug":"keralas-pension-fund-debt-crosses-rs-44000-crore-dues-pile-up","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/187483\/","title":{"rendered":"Kerala\u2019s pension fund debt crosses Rs 44,000 crore, dues pile up"},"content":{"rendered":"<p>News Desk<\/p>\n<p>29 September 2025, 11:27 AM IST<\/p>\n<p>Kerala social security pensions funded by \u20b944,653 crore borrowings in 6 years, \u20b913,000 crore still unpaid<\/p>\n<p><img fetchpriority=\"high\" alt=\"Kerala\u2019s pension fund debt crosses Rs 44,000 crore, dues pile up\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/10\/money.webp\" width=\"900\" height=\"600\" decoding=\"async\" data-nimg=\"1\" class=\"wider-format ace-image-inner\" loading=\"eager\" style=\"color:transparent;object-fit:cover;object-position:50% 50%;aspect-ratio:1.5\"\/>Representational Image | Canva<\/p>\n<p>Thiruvananthapuram: Kerala Social Security Pension Limited, the state-run special purpose vehicle formed in 2018 to channel welfare pensions, has borrowed \u20b944,653 crore in six years, according to Finance Department data tabled in the Legislative Assembly. Of this, \u20b913,000 crore\u2014including dues to cooperative banks\u2014remains outstanding.<\/p>\n<p>The largest borrowing came from Kerala State Financial Enterprises (KSFE), which lent \u20b919,890.69 crore. While \u20b916,750 crore has been repaid, about \u20b93140.69 crore is still due.<\/p>\n<p>From the consortium of cooperative banks, the company borrowed \u20b913,362.33 crore, with \u20b97505.81 crore repaid and \u20b95856.52 crore still pending.<\/p>\n<p>Other borrowings include \u20b95750 crore from the Beverages Corporation (\u20b91000 crore yet to be cleared), \u20b93650 crore from Kerala Financial Corporation (\u20b91000 crore pending), and \u20b92000 crore from the Motor Transport Workers Welfare Fund Board, which is yet to be repaid.<\/p>\n<p>The state government has provided a total of \u20b958,341.85 crore to the company for pension distribution and debt servicing. However, as these borrowings count against Kerala\u2019s overall borrowing ceiling fixed by the Centre, the financial burden is constraining the state\u2019s capacity for other public expenditure.<\/p>\n<p>Subscribe to our NewsletterGet Latest Mathrubhumi Updates in English<a class=\"bg-[#128C7E] rounded-[10px] px-[10px] py-2 text-[14px] font-medium leading-4 whitespace-nowrap  h-[30px]\" type=\"button\" aria-labelledby=\"Follow on Whatsapp\" title=\"Follow on Whatsapp\" href=\"#\" target=\"_blank\" rel=\"noreferrer\">Follow<\/a><\/p>\n<p class=\"content-font text-primary\" style=\"font-size:16px\">Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"News Desk 29 September 2025, 11:27 AM IST Kerala social security pensions funded by \u20b944,653 crore borrowings in&hellip;\n","protected":false},"author":2,"featured_media":187484,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,94109,5427,133,94110,94111,94106,94108,9611,131,132,94114,94112,94113,94107],"class_list":{"0":"post-187483","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-cooperative-banks","12":"tag-debt","13":"tag-finance","14":"tag-kerala-finance","15":"tag-kerala-government-borrowings","16":"tag-kerala-pensions","17":"tag-ksfe-loans","18":"tag-pension","19":"tag-personal-finance","20":"tag-personalfinance","21":"tag-social-security-pension","22":"tag-social-security-pension-limited","23":"tag-welfare-pension","24":"tag-welfare-pension-debt"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/187483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=187483"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/187483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/187484"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=187483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=187483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=187483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}