KSRTC plans to be self-sufficient in salaries after getting 2205 new buses via KIIFB and central schemes

THIRUVANANTHAPURAM: With the KSRTC getting 2,205 more buses, from the schemes of the central government and KIIFB and others, in the coming months, the daily collection will reach 10 crores. KSRTC will then have 6,000 buses and through the income generated they can be self-sufficient in salaries rather than seeking government aid.

If the buses can bring in Rs 315 crores per month, the additional collection amount will be 105 crores. Rs 63.5 crore shortfall can be overcome and the additional amount of Rs 41.5 crore can be utilized for the maintenance of buses.

Rs 900 crores have been allocated for pension and salary in the budget. The corporation does not have the capacity to undertake the pension liability. Rs 780 crores is required to pay pension for 12 months. The remaining Rs 120 crore is for salary. RTC takes Rs 50 crore from the government every month for salary.

2,205 new buses

KIIFB's e-bus-690

Diesel bus on government grant – 265 (arriving next month)

E-buses via 3 central schemes – 1250

National Bus Program of Union Power Department – 750

Augmentation of City Services Scheme of Urban Affairs Department - 250

Under FAME II Scheme of Central Industries Department-250

Currently

Buses operated- 4000

Daily Collection- 7 Cr

210 crore per month

Required- 273.5 crores

Deficit- 63.5 crores

Obstacles

KIIFB allocation of Rs 348 crore is being delayed. It has not been decided whether there should be subsidy for the buses which are available under the rental scheme of the Central Power Department and the Industries Department.