The budget for the year 2017-18 presented by Finance Minister T M Thomas Issac said the pension of the journalists who are members in the Contributory Pension Scheme has been enchanced by Rs 2,000.
An amount of Rs three crore has been earmarked for Media Academy and Rs five lakh for Kesari Journalsit Trust here, Issac said.
A Diamond Jubilee Fellowship would be provided to 1000 young artists at the rate of Rs 10,000 per month, he said.
"The condition for granting the fellowship is that the arists shall volunteer to conduct aristic activities including imparting training in art in association with the institutions like schools and community centres under Local Self governments", he said.
For this purpose Rs 135 crore has been earmarked, he added.
Another Rs one crore was earmarked for the formation of art hubs of village arists and craftsmen, he said.