KSFE Pink Chitties to be launched statewide, with a guarantee commission of ₹110.04 crore to be handed to the Chief Minister

Kerala Public sector Economy & Banking

KSFE Pink Chitties to be launched statewide, with a guarantee commission of ₹110.04 crore to be handed to the Chief Minister

10 October 2026

The Kerala State Financial Enterprises will hold the state-level launch of its Pink Chitties on October 12 at 11 am. Chief Minister V. D. Satheesan will inaugurate the launch in the Chief Minister's chamber in the Niyamasabha. At the same function KSFE will hand over its guarantee commission for the financial year 2025-26, amounting to ₹110.04 crore, to the Chief Minister. KSFE Managing Director Abhilash P. N., Chairman K. R. Jyothilal and board members Meera K. S., B. S. Preetha and Manoj K. will take part.

Guarantee commission for 2025-26: ₹110.04 crore Launch date: October 12, 11 am Managing Director: Abhilash P. N.

Why it matters for exams: KSFE is a Kerala public sector undertaking whose chitty products and payments to the State treasury are asked in state-level examinations.

Kerala PSCBank

10 October 2026 Source: Information and Public Relations Department, Government of Kerala

In plain words

KSFE Kerala State Financial Enterprises Limited — A Kerala government company that runs chitties and lending schemes.

Guarantee commission Guarantee commission — The fee a state undertaking pays the government for the guarantee the government gives on its liabilities.