India News

Karnataka Road Transport Struggles with Debt as Free Bus Ride Scheme Strains Finances

The Karnataka State Road Transport Corporation (KSRTC) is facing a severe financial crisis, seeking a ₹624 crore loan to clear statutory arrears, including provident fund and fuel payments. The crisis has intensified two years after the introduction of the free bus ride scheme for women, the Shakti Yojana. As of December 2024, the four state-run Read More…