Afrazul was hacked and burnt to death at Rajsamand in Rajasthan by a man who, raving against "love jihad", also filmed the entire incident and uploaded it on social media.
"As a small help to the bereaved family, our government has decided to provide Rs 3 lakh to the family and also a job to an eligible person of the victim's family," Banerjee said in a statement.
"I am sending our team of ministers and MPs to visit the family," Banerjee said.
State Urban Development and Municipal Affairs Minister Firad Hakim and Transport Minister Suvendu Adhikary would visit Afrazul's house in Malda district tomorrow, a senior state government official said.
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The ministers would be accompanied by Trinamool Congress MPs Saugata Ray, Sudip Bandyapadhyay and Kakoli Ghosh Dastidar, while Krishnendu Narayan Chowdhury, a senior TMC leader from Malda, would visit Afrazul's home during the day.
The chief minister yesterday condemned the killing describing it as "inhuman".
Afrazul's family members, who described him as the family's sole earning member, yesterday demanded strict action against Raigar who was arrested.