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Maharashtra okays Rs 600 crore bailout package for loss-making MSRTC | Mumbai News – Times of India


MUMBAI: State finance minister Ajit Pawar has sanctioned Rs 600 crore financial assistance for loss-making MSRTC which ferries thousands of commuters across Maharashtra, transport minister Anil Parab said on Wednesday.
The MSRTC has been incurring accumulated losses to the tune of Rs 9,000 crore and in recent times, amid the second Covid wave, it suffered loss of business, with less than 2,000 buses operating on road with 50% occupancy. The MSRTC has a total fleet of 18,000 buses.
The Rs 600 crore will help in paying salaries of nearly a lakh staffers in the MSRTC and in meeting other expenses, including fuel and maintenance of buses, said Parab and thanked chief minister Uddhav Thackeray for expediting the files for the financial aid.
The state government has been lenient towards its bus corporation lately. A few days back, it had directed 17 government departments, including agriculture, to give 25% of its transport business to MSRTC trucks—these are buses modified into special trucks to carry essential and non- essential goods across Maharashtra in a bid to earn more revenue. The MSRTC expects additional annual revenue of Rs 150 crore by to this decision.
In 2020, the MSRTC received Rs 550 crore aid in September and Rs 1,000 crore in November. “For paying salaries every month, we need up to Rs 150 crore and there have been a few months in the past when employees did not get their salary. We want to avoid this as nearly 70,000 staffers on field risking their lives during Covid,” a senior official said.

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