Monday, May 6 2024 | Time 20:41 Hrs(IST)
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States » South


K-FON inching towards becoming a self-sustainable entity

Thiruvananthapuram, Apr 18 (UNI) K-FON, a flagship project of the Kerala State Government, is on the verge of becoming self-sustainable after fulfilling its financial liabilities.
The success story of K-FON has been scripted on a foolproof execution plan right from the project cost in the initial stages to its full-fledged implementation based on a comprehensive stocktaking at every stage, a release said.
The initial project cost was pegged at Rs 1,482 crore. However, the project is now being operated only at a cost of Rs 791.29 crore. The project became operational with Rs 488.40 crore from KIIFB instead of the originally earmarked Rs 1,061.73 crore, Rs 217.85 crore instead of Rs. 336 crore from the State Government and Rs 85 crore from the Central Government.
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