Bhubaneswar: The State Cabinet today decided to revise the pay scale of teachers of universities and colleges in Odisha as per the recommendations of the Fitment Committee.

The teachers of different universities including BPUT and OUAT, medical colleges, government colleges and non-government aided colleges, who are already getting a pay scale under the University Grants Commission (UGC) will get the revised salary.

“The revised pay scale will come into effect retrospectively from January 1, 2016 and nearly 5,203 teachers will be benefitted,” said Chief Secretary AP Padhi during a press briefing after the State Cabinet meeting held under the chairmanship of Chief Minister Naveen Patnaik at the State Secretariat here.

The State exchequer will incur additional expenditure of Rs 136 crore per annum due to the salary revision of teachers, he added.

The State Cabinet also approved a proposal to set up a corpus fund with an allocation of Rs 100 crore per year to support Farmer Producer Organisations, resources institutions and producer organisation promoting institutions in all sectors.

With an aim to further accelerate agricultural prosperity in the State, the Cabinet decided to increase the contingency fund for Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme through an ordinance.

The Cabinet approved a total of 12 proposals in today’s meeting.