The Kerala Land Development Corporation was incorporated by the Government of Kerala during 1972, for land development and allied activities in Kerala for the integral development of Agriculture and is vested with certain powers as per the special powers Act 5 of 1974; as amended by Act 15 of 1977. The authorised share capital of the Corporation was Rs.1000 lakhs divided into 10 lakhs equity shares of Rs.100/- each. The paid up capital as on date is Rs.7,05,40,000/- comprising of Rs.7,05,400 lakhs equity shares of Rs.100 each. 3400 shares are held by the President of India.
The main objectives of the Corporation are to promote, undertake and execute schemes in Kerala, for land development, flood control, drainage, irrigation, construction of godowns and schemes related to other infrastructural work for the development of agriculture and allied activities.
Since incorporation, K.L.D.C is working as an agency for the effective implementation of various projects to alleviate the problems of the farmers throughout Kerala especially in the low lying and water logged areas of the State in Thrissur, Eranakulam, Alappuzha, Kottayam, Pathanamthitta, Kollam and Palakkad districts.