State government releases Rs 100 Crore to BMTC

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Bengaluru: In a big relief to the BMTC management, which has been struggling to settle its bills, the state government has released Rs 100 Crore, as was announced in the 2018-19 budget. This amount will be utilized for the payment of retirement benefits to hundreds of its employees, reimbursement of hospital bills, PF payment etc.

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According to sources in the BMTC, since the last few months, the corporation was facing a severe financial crunch due to the fuel price hike and the state government’s refusal to hike the ticket fares. “This has led to a lot of problems. The grant was released on Wednesday, December 6 evening after a report from the BMTC management,” informed officers from the BMTC.

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