Kerala govt allocates ₹122 crore to KSRTC in financial assistance

The Kerala government has allocated a sum of ₹122 crore as financial assistance to the Kerala State Road Transport Corporation (KSRTC) this month.

Of this, ₹72 crore has been allocated for pension distribution, while the remaining ₹50 crore is the financial assistance to the public utility, including for paying the overdraft dues.

During the tenure of the Left government, the ailing public sector utility received a total of ₹6,523 crore as government assistance.

The Budget allocation for this financial year is ₹900 crore for the corporation. Of this, ₹388 crore was made available within three months of this fiscal.