KSRTC proposes up to 20% bus fare hike

The Karnataka State Road Transport Corporation (KSRTC) plans to propose a bus fare hike of up to 20 per cent, citing significant financial losses.

By Connect Gujarat Desk 15 Jul 2024 in Travel

New Update

The Karnataka State Road Transport Corporation (KSRTC) plans to propose a bus fare hike of up to 20 per cent, citing significant financial losses.

Over the past three months, the KSRTC reported a loss of ₹295 crore, primarily due to the Shakti scheme, which offers free bus travel for women in Karnataka.

Kerala State Road Transport Corporation (KSRTC) Chairman SR Srinivas stressed the urgency to increase ticket prices to keep the department afloat.

Srinivas underscored the financial difficulties faced by the staff, whose salaries have not been revised since 2020.

He has proposed a fare hike of 15-20 per cent, pending the chief minister's approval.

In a related development, North Western Karnataka Road Transport Corporation (NWKRTC) Chairman Raju Kage also attributed the losses to the Shakti scheme.

This scheme is one of the five guarantees promised by the Congress government led by CM Siddaramaiah, which celebrated its first year on June 11, 2024,