HomeNewsBusinessEconomyKerala govt providing funds to KSRTC to help in loan repayment

Kerala govt providing funds to KSRTC to help in loan repayment

The minister, answering queries in the House regarding the huge losses being suffered by Kerala State Road Transport Corporation (KSRTC), said the over Rs 3,500 crore loans of the transportation body cannot be repaid in one go and the government was helping it to recover from the same.

July 14, 2022 / 11:49 IST
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Karnataka State Road Transport Corporation buses. (Image-PTI)
Karnataka State Road Transport Corporation buses. (Image-PTI)

The Kerala government is providing funds to the debt-ridden KSRTC towards repayment of loans availed by it and would be considering the recommendations in the Sushil Khanna report to modernise the public transportation body, state Transport Minister Antony Raju said in the Assembly on Thursday.

The minister, answering queries in the House regarding the huge losses being suffered by Kerala State Road Transport Corporation (KSRTC), said the over Rs 3,500 crore loans of the transportation body cannot be repaid in one go and the government was helping it to recover from the same.

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Towards that around Rs 420 crore have been given to KSRTC, he said. He also said that the government was also providing funds for payment of salaries of the employees. He also said that the government was also providing funds for payment of salaries of the employees.

On queries as to whether employees were being inducted on contract in lower levels of the organisation, were operating centres or depots being closed down, were travel schedules of KSRTC being cut down, were a large number of its buses damaged due to neglect and whether a high level audit will be carried out in the entity as per Kerala High Court directions, the minister’s response was in the negative.

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