1059.27 crore for transport companies. Released by the State Govt

Bengaluru: The state government has sanctioned Rs 1059.27 crore for the payment of provident fund arrears and fuel expenses to the four transport companies. Released and issued an order on Friday.

800 crore for payment of provident fund to transport companies. And 259.27 crores have been released for fuel expenses. 457.42 crores of provident fund for the period from January 2021 to April 2022 as a special case for payment of dues of employees of transport corporations. And the amount of interest to be paid as per Provident Fund Act for the delay period is Rs 57.39 crore. A total of Rs 514.81 crore. The Managing Director of Karnataka State Road Transport Corporation (KSRTC) had submitted a proposal to the government seeking the release of special grants.

The Karnataka State Government has approved the proposal of the KSRTC Managing Director and has released funds for payment of provident fund dues and fuel expenses to all the four transport companies.

KSRTC interstate services fare hike, flexi fare on bus tickets
The Finance Department has allocated Rs 279.27 crore to BMTC, Rs 320 crore to North-West Karnataka Road Transport Corporation and Rs 130 crore to Kalyan Karnataka Transport Corporation for the year 2022-23. And Rs 330 crore to Karnataka State Road Transport Corporation. Released s.

Another Rs 140.72 crore has to be provided to Bangalore Metropolitan Transport Corporation (BMTC) and it has been decided to provide the rest of the funds in the supplementary estimates for the year 2022-23.