shot-button
Mother`s Day Mother`s Day
Home > Mumbai > Mumbai News > Article > Timely fund allocation can help MSRTC recover losses Transport Minister Sarnaik

Timely fund allocation can help MSRTC recover losses: Transport Minister Sarnaik

Updated on: 10 April,2025 04:27 PM IST  |  Palghar
PTI |

MSRTC, which connects big cities and also remote areas of the state, currently operates a fleet of 14,300 buses. In January, Sarnaik said the corporation will buy 5,000 buses every year for the next five years to augment its fleet

Timely fund allocation can help MSRTC recover losses: Transport Minister Sarnaik

Maharashtra Transport Minister Pratap Sarnaik. File Pic

Listen to this article
Timely fund allocation can help MSRTC recover losses: Transport Minister Sarnaik
x
00:00

Maharashtra Transport Minister Pratap Sarnaik has said that delays in receiving government subsidies, particularly those related to concessions provided to select groups of passengers, have adversely affected state-run MSRTC's financial health.

He emphasised that timely release of funds from the state finance department is crucial for the Maharashtra State Road Transport Corporation (MSRTC) to overcome its financial losses.


Sarnaik was speaking to reporters on Wednesday after conducting his first 'Lok Darbar (meeting where ministers or officials address citizen grievances)' in Palghar district since becoming a cabinet member in December last year.


"If the funds are disbursed on time by the finance department, the losses incurred by MSRTC can be compensated. There are instances where delayed payments create serious operational challenges for us (corporation)," the Shiv Sena Minister maintained.

Sarnaik said he has raised the issue with Deputy Chief Minister Ajit Pawar, who holds the finance portfolio, and requested that MSRTC receive the same priority in fund allocation as other departments.

MSRTC, which connects big cities and also remote areas of the state, currently operates a fleet of 14,300 buses. In January, Sarnaik said the corporation will buy 5,000 buses every year for the next five years to augment its fleet.

The transport corporation, one of the largest in the country, offers discounts in fares to women and senior citizens on its buses.

Touching upon broader financial planning, Sarnaik noted that the distribution of funds through the District Planning Committee (DPC) is still pending finalization.

"A meeting will soon be held between state BJP president and revenue minister Chandrashekar Bawankule, NCP Lok Sabha MP Sunil Tatkare and Maharashtra Minister Uday Samant (Shiv Sena) to finalize the funding formula, based on the proposals submitted by guardian ministers of each district," he said.

Responding to demands of local residents, Sarnaik said the long-standing request for an independent Regional Transport Office (RTO) in Palghar will soon be fulfilled.

Following an inspection of MSRTC depots in the district located adjoining Mumbai, the minister stated that each of the eight such bus facilities in Palghar will receive 10 new buses, enhancing the transport network across the region.  

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK