It also unveiled measures for welfare of farmers including an income guarantee insurance scheme.
In his budget presented to the state Assembly, Finance Minister K M Mani said 90 per cent of the premium of the income guarantee scheme would be borne by the government.
Farmers holding up to two hectares would benefit from the scheme in the event of their failing to get adequate returns from the crops they reared. The budget made an outlay of Rs 50 crore for the scheme.
The Finance Minister also announced a scheme to provide laptops to girls from BPL families pursuing professional courses.
Some other welfare schemes include state funding of education for orphaned children upto the plus-two level and monthly financial assistance to elders suffering from chronic illnesses.
For Mani, leader of the Kerala Congress (M), this was the 12th budget in his career as Finance minister in various cabinet since mid-1970s.