Team Herald
PANJIM: The State government in a recent notification has allowed the Kadamba Transport Corporation Limited (KTCL) to avail of a scheme for release of subsidies.
As per the notification, once the annual plan for KTCL is passed by the Legislative Assembly and assented to by the Governor, the corporation could move a proposal to the Transport department for releasing the amount of Rs 6,500 lakh, provided in the annual plan, in four quarterly installments spread over the financial year.
The State’s transport corporation operates over 200 kilometers per day per bus on intra state routes and have said that they sustain losses and that the cost of operation didn’t match with the amount of revenue earned.
“The rate of passenger fare for transport services on which the major portion of income is dependable is decided and fixed by the government and therefore the corporation has no scope to increase the rate of fare as per increase in cost of inputs and has to continue with operation of uneconomical transport services,” said KTCL.
KTCL had said they were providing a socially obligatory service that required financial assistance of Rs 500 lakh towards monthly expenditure.
