**
Kerala Government Releases ₹74.34 Crore for KSRTC Pension Payments
In a major relief for retired employees, the Kerala government has sanctioned ₹74.34 crore to the Kerala State Road Transport Corporation (KSRTC) to clear pending pension dues. This move aims to address long-standing delays in pension disbursements amid the corporation’s financial crisis.
Why KSRTC Faces Financial Struggles
KSRTC, one of India’s largest public transport operators, has been battling severe financial instability due to rising operational costs, declining revenues, and mounting debt. Pension arrears had become a critical issue, forcing retirees to protest and seek legal intervention.
The newly released funds will benefit over 30,000 pensioners, many of whom rely on these payments for medical and living expenses.
Government’s Welfare Commitment
The LDF government, led by CM Pinarayi Vijayan, emphasized its focus on employee welfare despite fiscal constraints. Finance Minister K.N. Balagopal stated:
“This allocation reflects our commitment to retired employees’ social security. We are working to stabilize KSRTC while supporting its workforce.”
Long-Term Challenges for KSRTC
While the sanction provides temporary relief, experts warn that KSRTC’s ₹5,000+ crore debt requires structural reforms. Key solutions include:
– Route optimization
– Fleet modernization
– Digital ticketing upgrades
– Public-private partnerships (PPP)
Political Reactions & Pensioners’ Relief
- Opposition UDF welcomed the move but criticized ad-hoc measures.
- BJP accused the government of mismanagement and demanded transparency.
Retirees like K. Raman, a former KSRTC driver, expressed relief: “This will help clear my medical bills.”
What’s Next for KSRTC?
The state is drafting a revised revival plan, including additional funds and operational reforms. Transport Minister Antony Raju affirmed efforts to reduce bailout dependency.
Conclusion
The ₹74.34 crore pension sanction offers immediate relief, but KSRTC’s long-term recovery depends on sustainable reforms.
Stay updated with the latest developments on KSRTC’s financial revival.
**
