The Kerala Land Development Corporation Limited (KLDC) was incorporated by the Government of Kerala during 1972, with a view to promote, undertake and execute land development and allied schemes in Kerala, for the integral development of Agriculture and vested with certain powers, as per the special powers act 5 of 1974; as amended by Act 15 of 1977. Since incorporation, Kerala Land Development Corporation Limited is acting as an agency for the effective implementation of various projects to alleviate the problems of poor farmers and paddy cultivators, especially in the low lying and water logged areas of the state like Kole Lands, Kari land, Kuttanadu stretches in Thrissur, Alappuzha and Kottayam Districts.

Its authorized capital is Rs. 10 crores and paid up capital is Rs. 705.40 lakhs fully paid (Rs.671.40 lakhs by the Government of Kerala and Rs. 34.00 lakhs by the Central Governments).

Its main aims and objectives are to promote, undertake and execute schemes in Kerala for land development, flood control, dewatering, irrigation, construction of godowns and other schemes and infrastructural work for development of agriculture and allied activities.