It also offered a job for Dr Radhika, wife of Niranjan, in government service.
A decision in this regard was taken at the state cabinet meeting held here, Chief Minister Oommen Chandy said.
Besides this, entire educational expenses of the slain soldier's daughter would be borne by the government, he added.
It was also decided to name after Niranjan the government ITI coming up at Elambulassery, the home village of the brave solider.
The 32-year-old bomb expert with the National Security Guard was killed on Sunday last.