A Cabinet meeting held on Thursday has decided to waive off an amount of ₹436. 49 crore owed by the Kerala State Road Transport Corporation (KSRTC) to the Kerala Transport Development Finance Corporation (KTDFC). The due amount, including interest and other penalties on the outstanding short-term and long-term loans availed by the KSRTC from the KTDFC, will be completely waived off. The KTDFC had been looking for ways to recover the dues from various debtors of the KTDFC, including KSRTC, by invoking recovery proceedings.
Published – July 17, 2025 08:41 pm IST
