Ganguly has also decided to use the pension, which he will be getting in future years from the Board, to fund the treatment of injured players who are registered under the Cricket Association of Bengal.
"I have decided to give away my pension amount to Ankit's family," Ganguly, who is the current joint-secretary of the CAB, told reporters after CAB's finance committee meeting.
"It's also my personal decision to fund the treatment of injured players, the ones that are CAB-registered. I will use the amount that I get as pension from the Board," he added.
As per BCCI's pension scheme, former Test cricketers receive an amount of Rs 4,20,000 annually.
Following Keshri's death, there were accusations that the medical facilities at the ground were not up to the mark and Ganguly assured that required steps would be taken in order to ensure that CAB is well-equipped with any such contingencies in the future.
"The association will be buying three ambulances which will also have the necessary facilities," said the former skipper.
Meanwhile, CAB treasurer Biswarup Dey informed that the board will be donating Rs 10 lakh to Keshri's family.
"We have proposed to give this amount to Ankit's family. The matter has to be passed through the working committee, though," he said.

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