Representative Image: KSRTC buses | Photo: Mathrubhumi
Thiruvananthapuram: Giving relief to the employees, KSRTC will start distributing salary from Monday. The finance department has transferred Rs 30 cr to KSRTC for the salary distribution. Among the staff, drivers and conductors will receive the salary at first.
KSRTC has borrowed Rs 45 cr as an overdraft from the State Bank of India. Earlier, Rs 5 cr was borrowed in a similar manner.
It is learnt that KSRTC will be able to distribute salary to all employees by Tuesday. Rs 50 cr raised as overdraft and Rs 30 cr from the government will be utilized for the salary distribution.
Meanwhile, KSRTC has no idea how to raise fund for salary distribution in May.