What does KRFB mean in FUNDS
KRFB is an acronym that stands for Kerala Road Fund Board. It is a statutory body established in 1971 under the Kerala Road Fund Act, 1971. The board is responsible for the development and maintenance of roads in the Indian state of Kerala.
KRFB meaning in Funds in Business
KRFB mostly used in an acronym Funds in Category Business that means Kerala Road Fund Board (India; public works)
Shorthand: KRFB,
Full Form: Kerala Road Fund Board (India; public works)
For more information of "Kerala Road Fund Board (India; public works)", see the section below.
Functions of KRFB
- Planning and implementation of road projects: KRFB plans and executes road construction and maintenance projects throughout Kerala.
- Collection and utilization of Road Funds: The board collects taxes on motor vehicles and fuel, which constitute the Road Fund. These funds are used for road development and maintenance activities.
- Research and development: KRFB conducts research and develops new technologies for road construction and maintenance.
- Safety and regulation: The board ensures the safety of roads and regulates traffic movement through various measures.
- Environmental protection: KRFB incorporates environmental considerations into its road projects to minimize the impact on the natural environment.
Essential Questions and Answers on Kerala Road Fund Board (India; public works) in "BUSINESS»FUNDS"
What is KRFB?
KRFB stands for Kerala Road Fund Board. It is a public works organization in India responsible for maintaining and developing roads in the state of Kerala.
What are the main functions of KRFB?
KRFB's primary functions include planning, constructing, and maintaining state highways and major district roads in Kerala. It also oversees road safety measures and promotes road development initiatives.
How is KRFB funded?
KRFB primarily receives funding through the Road Tax and Motor Vehicle Tax collected by the Government of Kerala. It also receives grants from the central government and other sources.
What impact has KRFB had on Kerala's road infrastructure?
KRFB has played a significant role in improving the road network in Kerala. It has constructed and maintained numerous state highways and major district roads, enhancing connectivity and facilitating economic growth in the state.
What are KRFB's plans for the future?
KRFB aims to continue improving Kerala's road infrastructure by expanding and upgrading state highways, implementing road safety measures, and promoting sustainable road development practices.
Final Words: KRFB plays a vital role in the development and maintenance of roads in Kerala. By providing safe and efficient road infrastructure, the board facilitates economic growth, social development, and improved connectivity within the state.