Debt to Profit: How JKSRTC Managed Coming out of the Red? :

Debt to Profit: How JKSRTC Managed Coming out of the Red?

The Jammu and Kashmir Road Transport Corporation (JKSRTC) introduced electronic buses in 2019 under the FAME scheme. Initially underestimated, these "green buses" are now popular for affordability, comfort, and adherence to schedules. Operational in Srinagar, they contribute to the corporation's financial recovery, with a projected Rs 200 crore turnover for 2023-24. Despite high maintenance costs and low profitability due to low fares, JKSRTC, dating back to 1948, remains a vital public service. With a diversified fleet, including e-buses and diesel vehicles, it supports the state's public distribution system and various government departments. The corporation has reduced liabilities, marking a significant financial turnaround. Challenges like climatic impacts on electronic buses persist, but the evolving public transport sector continues to adapt. In a landscape balancing service commitments with financial sustainability, JKSRTC stands as a transformative example.

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