In the last five years, the State–run Bangalore Metropolitan Transport Corporation (BMTC) has raised a loan of around ₹1,324 crore of which about ₹679 crore has been repaid, Transport Minister B. Sriramulu informed the Legislative Council on Friday.
His response came to a question from Congress Deputy Leader Govindaraju. The Minister said the loan amount had been utilised to purchase new buses, for modernisation of workshops, and to pay provident fund of the employees.
The Minister, without providing a breakup, pointed out that the BMTC was yet to receive dues from the government towards free passes for schoolchildren and construction workers that have been issued by the BMTC.
