KSRTC didn’t get enough consideration from govt complaints natives of Neyyattinkara.
The loss-making Kerala State Road Transport Corporation (KSRTC) has plunged into a crisis as a severe cash crunch and inability to mobilize funds have yet again delayed the disbursal of salary to its employees.
The KSRTC cannot take any further loan from the Kerala Transport Development Finance Corporation (KTDFC) from which it had availed a huge amount as loan over the years.
When depots are mortgaged, the KSRTC stands to lose the daily collections from them as the whole revenue would go towards repayment of the loan. Under the circumstances, the corporation is forced to survive on the income from other depots.
If the government fails to intervene to improve the financial situation, the KSRTC would plunge into a severe crisis in the near future.